Rent collections improve slightly, but late payments signal strain
Compared with August 2024, the on-time payment rate is down 216 basis points. That marks the 25th consecutive month of annual declines.
Multifamily Housing
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WFG National Title added to Fannie Mae’s multifamily approval list
WFG provides escrow services and funding functions on behalf of its agents, a capability now required for Fannie Mae multifamily closings.
New Western president speaks on PadSplit partnership
The collaboration will allow investors to access PadSplit’s model for converting single-family homes into shared living spaces.
Walker & Dunlop closes $240 million affordable housing fund
The funding will pay for 1,701 units in California, Texas, Maryland, Utah, Missouri, Michigan, Connecticut, Florida, Idaho and Kansas.
NYC council approves sweeping plan that includes 82,000 homes
The “City of Yes” plans calls for the construction of 82,000 new homes over the next 15 years to address the Big Apple’s housing crisis.