New restrictions stand to make a big impact on construction lending, and both commercial real estate developers and lenders are up in arms about it. Experts in the field are arguing that these new restrictions might hurt credit availability and encourage the creation of loans in risky sectors. The Basics Basel III requirements that went into effect this year established…
August 2015
During the last week of July, mortgage rates dropped to lows that were not seen since the beginning part of the month. Although it was not clear whether there was any particular driver behind the drop in rates, the response in the market has been to wait and see whether this drop would continue or spike back up. During the…
The Federal Housing Administration recently announced an alteration in the way that loan defects will be classified by the government. The overall goal of making these changes is to more accurately assess the severity of errors in the underwriting process. Right now, the federal agency uses 99 separate codes to categorize underwriting mistakes, but the goal is to consolidate these…