Not Endorsed
Freddie Mac Announces the Issuance of a New Seven-year Reference Notes Security
Freddie Mac announced today that it plans to issue a new seven-year USD Reference Notes security, CUSIP number 3137EADK2, due on August 1, 2019.
The Better Housing Coalition Receives $500,000 Loan from Mercy Loan Fund and Bon Secours Health System
Thanks to a $500,000 loan and an extended line of credit from Mercy Loan Fund and the Bon Secours Health System, the Better Housing Coalition in Richmond, Va., will be able to expand its development of high-quality, affordable workforce housing in the Blackwell neighborhood more rapidly.
Institutional Property Advisors Names Drew Kile Associate Director
Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Drew Kile as an associate director, according to Hessam Nadji, managing director of IPA.
Low Rate Environment Persists, Refinance Applications Reach Highest Level Since 2009 in Latest MBA Weekly Survey
Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 20, 2012.
Freddie Mac Announces Tenth $1 Billion Multifamily Securities Offering This Year, K-019
Freddie Mac today announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities.
RealPage Acquires Rent Mine Online
RealPage, Inc., a provider of on demand software and software-enabled services to the rental housing industry, recently announced that it has acquired RentMineOnline Inc., a software-as-a-service provider of social network marketing solutions for the multifamily rental housing industry (www.rentmineonline.com).
Projected Economic Activity Downgraded for Second Half of 2012 Housing Remains a Bright Spot Despite Overall Slowdown
Recent data indicate a slowdown in economic activity for the remainder of 2012, yet modest growth is still expected, according to Fannie Mae’s Economic & Strategic Research Group.
RENTCafe Promotes Online Leasing
Consumers are accustomed to managing their needs online. Market demand for online leasing is strong, the available technology is solid, and widespread industry adoption of online leasing is expected. RENTCafé™, an apartment search website with thousands of high-quality rental listings across the U.S., allows property managers to streamline the application process with online leasing. With an appealing design and easy-to-use features, RENTCafé helps market communities, attract new residents, and process and approve rental applications–even when the leasing office is closed. The online application process allows interested prospects to apply to rent an apartment viewed online or in person. RENTCafé delivers…
NWP Services Corporation Opens Ann Arbor Office
he Ann Arbor office will support NWP’s new SmartSource service
The LeFrak Organization Welcomes New Regional Leasing Director
The LeFrak Organization, one of the largest private real estate holders in the world, announced today that Brian Decillis has joined the company as Newport’s regional leasing director.