FHA lending is about to enter a new era with the Obama Administration and changes to its FHA 232 program. FHA has attempted during several administrations to stream line and centralize with limited success. The lean and hospital programs are success stories now.
The FHA new construction programs should be busy with so many lenders lowering loan to cost and value amounts. Our rates have held relatively steady but the spreads over treasuries are still much higher than a few years ago. Overall FHA lending will be very busy and I hope the new administration brings in good people and continues to streamline, modernize and centralize the FHA programs.
President Obama has stated that helping families with rent is more important than giving them unaffordable home ownership. I hope he expands rental help for those in need since we have seen what happens when all the government help just goes to home ownership.
Good luck and God Speed
Mr. President
Barack Obama.
Kendall Realty Advisors LLC
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Commercial Mortgage - Apartment - Healthcare
