It is still unclear when the Federal Reserve will begin to raise short term interest rates. Even less apparent is what impact a rise in rates will do to the markets. Looking back to the first week of January 2015,…
Janet L. Yellen, the Federal Reserve chairwoman, said that she expects the Fed to raise its benchmark interest rate this year as the domestic economy continued to gain strength. “Based on my outlook, I expect that it will be appropriate…
Opinion Letters are like estoppel certificates issued by the borrower’s attorney regarding the borrowing entity and the loan documents. Borrowers may have an opportunity at the loan application stage to negotiate the reduction or elimination of an opinion letter and…
The Mortgage Bankers Association (MBA) has just released its First Quarter 2015 Commercial/Multifamily DataBook. Q1 of this year has been marked by continued signs of economic strength. Commercial real estate markets saw strong property sales and mortgage originations activity as…
Now that the Federal Finance Housing Agency (FHFA) has released their revised and expanded definition of “affordable” property, the agency lenders, Fannie Mae and Freddie Mac have received their sought after increase in lending capacity and a sharpened focus for…
California’s economy has maintained strong momentum through the first few months of 2015, even though the state continues to be affected by a whole host of challenges ranging from the unending drought to work stoppages at its major ports. The…
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