“We are seeing a lot of opportunities across our bank footprint and nationally, our multifamily lending base continues to be robust,” says Paul Woodworth, senior vice president and head of agency lending for SunTrust.
Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.
As part of a larger sweeping government reorganization plan, the Administration is seeking to increase private market competition in the mortgage finance system. Meanwhile FHFA wants to establish new capital requirements in the enterprises’ mortgage guarantees and portfolio holdings.
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