#multifamily-lending

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fromtherealdeal.com
5 days ago

Merchants Bank reveals more exposure to embattled Moshe Silber

The Carmel, Indiana-based regional bank, which became a go-to lender for multifamily landlords across the U.S., announced last quarter that some of its borrowers were under investigation for mortgage fraud, leading to $46.1 million in write-downs. New court filings reveal the bank's exposure to Moshe Silber, who was sentenced to 30 months in prison. In Silber and his co-conspirators scheme, they allegedly used a stolen identity to obtain an inflated $74 million loan on a Cincinnati apartment complex.
Real estate
Real estate
fromwww.housingwire.com
1 month ago

ARMs remain a small share of mortgage loans despite viral 41% claim

Adjustable-rate mortgages remain a small share of U.S. mortgages, with over 90% fixed-rate; ARMs make up roughly 8–10% of purchase applications.
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