Changes in FHA multifamily lending requirements squeeze lenders, owners

SOURCE: Mortgage News Feed

The Federal Housing Administration’s changes to its Project Capital Needs Assessment requirements are putting multifamily lenders in a squeeze at a time when wages are stagnant, job growth is tepid and affordable housing is a growing concern. The changes to the PCNA standards, multifamily lenders say, requires apartment owners to put away too much money on reserve to keep the properties up.

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http://www.housingwire.com/articles/33752-changes-in-fha-multifamily-lending-requirements-squeeze-lenders-owners


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