Category Archives: Market Outlook

Sometimes government’s attempt to resolve problems unintentionally overreaches, and has an unintended impact.  That is the case with a recent round of proposed rule-making from the Federal Housing Finance Agency (the regulators of Fannie, Freddie, and 12 other Federal Home Loan Banks).  FHFA was trying to redress abuses by unscrupulous developers (imagine that) who were building and …

Building financial statements have taken on a new found prominence in the age of tough bank underwriting, as institutional lenders are now scrutinizing these reports to determine whether the collateral – the apartment being financed – as opposed to the borrower, are worthy of extending a loan.  But to the non-CPAs in the crowd, these …

Having successfully closed well over a thousand real estate deals, trends develop that separate those deals that are successful, from those that fail.  And in the new reality of post-Lehman markets, the rules of the game are different – sometimes markedly so.  Looking forward to a successful 2011, I offer the following insights that might …

When I first started practicing real estate law many years ago, I remember getting a call from a mortgage broker who was representing my client, the buyer, to give me an update on how the financing was going.   “Well,” he started, “we pulled his credit and it was around 620, and this is a …