As we move into 2023, all eyes will once again be on the Federal Reserve, the job market, and the housing market. Investors who are in a good position going into the correction will be able to take advantage of opportunities.
Driven by cyclical, demographic, and technological factors, the single-family rental (SFR) sector has matured over the past decade. The once-fragmented industry has both coalesced and professionalized. While the evolution of the SFR sector has been explored at length, a clear picture of its core set of tenants is just now coming into focus.
UNIONDALE, NY (December 23, 2022) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loans of 2022 in support of New York-based Emerald Empire’s acquisition of Pangea Properties’ Chicago portfolio. The deal was primarily financed by Arbor Realty Trust. Read the full article…
The Federal Housing Finance Agency (FHFA) announced a $6 billion rollback of Fannie Mae and Freddie Mac’s volume cap for loan purchases for 2023 to $150 billion ($75 billion for each agency) as multifamily transaction activity has declined in 2022. FHFA also added new provisions to its mission-driven lending initiative designed to increase investment in affordable and workforce housing, two sectors with significant growth potential in a tight housing market.
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Arbor Chairman and CEO Ivan Kaufman kicked off the first full day of eCore22 in Miami this November with an informative and intimate panel discussion, featuring Charles Ostroff, SVP Multifamily Chief Credit Officer at Fannie Mae, Robert Verrone, Principal at Iron Hound Management Company, and Aaron Kurlansky, Principal at Sheridan Capital, that covered the most pressing economic issues of the moment.
Amid economic headwinds, SFR is well-positioned as a primary alternative for would-be homebuyers priced out of ownership in today’s high-interest-rate housing market.
The highly anticipated transition from LIBOR® to SOFR, which goes into effect after June 30, 2023, will make SOFR the standard benchmark rate across a wide range of financial products. Although the financial community is expecting a smooth transition, there are notable differences between the two rates that will influence multifamily lending.