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More details on Freddie Mac’s tightening credit standards: Apparently a number of novice borrowers with floating rate notes originated in 21/22 were sent demand letters to rebalance the note and responded with some version of “here are the keys, take them if you wish”, daring…
As we move into bigger deals here are some points using bigger lenders. Some points on Fannie and Freddie: Fannie allows for supplemental debt after a length of time with approval, Freddie does not. Freddie essentially locks the rate at loan application. Fannie locks the…
Quick update - how is $ABR doing with Fannie / Freddie? Any issues? Major delinquencies? Arbor is something else, with DSCR's plummeting. Yes we know... https://t.co/uLntRQEpGb
Speculation on rate cuts is diminishing as $ABR faces distress with decreasing NOI and DSCR. Freddie Mac requires guarantors to bring 10% equity personally. Banks are scrutinizing declining income for loan approvals. $ABR is experiencing financial strain with rising costs, delinquencies, and dropping occupancy levels.
