Posted To: Pipeline Press
How much do small firms spend on examiners and auditors camping out in their shops? And w hat about legal bills? I am sure it is a tiny fraction of what companies like Bank of America, Citi, and Chase are spending. And this week Reuters did a piece on the continuing probes that Wells Fargo is handling - what a nightmare. What trends are we seeing in rents and multi-family news that will eventually help lenders? After all, the higher rents go, the mo' better buying looks - all they need are some decent down payment assistance or high LTV programs. Reis Inc. reports average effective apartment rents climbed 4.6% nationwide in 2015, the "best" performance since 2007. In fact apartment rents have risen more than 20% since early 2010. And to the surprise of no one, research by Equifax and Moody...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1Oxol5K
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