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    Showing posts with label Multifamily Housing Finance. Show all posts
    Showing posts with label Multifamily Housing Finance. Show all posts

    Thursday, May 28, 2009

    Fannie Mae and Freddie Mac apartment loan changes

    Fannie Mae and Freddie Mac are now limiting cash out refinances to about 65%

    Rates are still low in the high 5% range.

    1.30 to 1 Debt Service Coverage in the new standard

    Purchase transactions are still able to achieve 75% loan to value financing.

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