Tax-exempt bonds offer borrowers many advantages, including low interest rates and the “automatic” availability of 4% tax credits. More
Like many financial institutions, Fannie Mae was expecting 2002 to be a year of transition and uncertainty More
For the past several years, interest-rate swaps have been widely available to... More
Although interest rates on variable-rate debt more than quadrupled in September as credit markets seized up, those in the market for taxexempt multifamily housing bonds expect rates to settle down in the coming months. More
While construction financing remains affordable, many capital sources are beefing up their underwriting criteria this year. More
Borrowers should celebrate the government takeover of Fannie Mae and Freddie Mac, announced Sept. 7. It’s likely to mean lower interest rates for borrowers—at least for now, experts say. More
Interest rates on variable-rate debt more than quadrupled in September as credit markets seized up, sidelining multifamily developers looking to tap the bond market to finance their deals. More
Rising interest rates have hurt some affordable housing deals as the rate of defaults on single-family home loans rises out of control and lenders tighten underwriting standards or turn away from many types of real estate. More
New York City — Emily Youssouf has upset the usual order of things. Usually, one would expect a city’s bond allocating agency to do considerably less business than a state agency. More
