Much of HUD’s recent success with multifamily mortgage insurance can be attributed to their Multifamily for Tomorrow initiatives, which have created standard application templates and underwriting parameters, and streamlined review, loan processing and closing protocols.
Sims Mortgage Funding’s very successful 2021 can be described in a single word – refinance. We completed eleven refinancing deals last year, totaling approximately $131 million, for existing clients who had HUD-insured loans already in place.
We’ve all heard the expression the “Dog Days of Summer”. According to The Farmer’s Almanac, the term refers to the period July 3 through August 11 when the sun is closest to the star Sirius, part of the constellation Canis Major, or the Greater Dog.
It has been just over one year since HUD waived its “three-year requirement” for multifamily projects to be eligible for mortgage insurance under the Section
At first glance, that is an odd pairing, but stay with us, please. The Suez Canal was prominent in the news last week when a
In golf it is called a mulligan. At the playground or school yard it is called a do-over. At the US Department of Housing and
Many people tend to think of HUD mortgage insurance as a single government program, but there are about a dozen different programs covering healthcare, multifamily