Freddie, Fannie and HUD: Shifting Political Winds & Seniors Housing Finance - Buy Now!
Thursday, April 14, 2011 at 1:00 - 2:30 pm (Eastern)
The Obama administration recently delivered a report to Congress outlining the options for dealing with the financial problems at both Fannie Mae and Freddie Mac. Included in this report was the plan to “wind down” Fannie and Freddie to help bring private capital back to the housing market...
Although the problem was in the residential housing portfolio, not in seniors housing, the proposed wind down could have a substantial impact on the liquidity of the capital markets for seniors housing providers. What was not disclosed was the timing of a potential wind down, whether seniors housing would be included and when new loans would come to an end, if at all. What was made apparent was that any new funding would be more expensive for borrowers, with the intent to level the playing field with private capital.
Because there are few financing alternatives, especially in the skilled nursing market, HUD has been the lender of choice, especially with its attractive rates and terms. HUD LEAN was introduced 18 months ago with great fanfare and the hope of decreasing the time it takes to get approvals. Now, however, the wait is almost as long as it was pre-LEAN, and the backlog continues to grow. The capital starved seniors housing industry is now coming out of its mini-recession, and the last thing a strengthening market, combined with an aging population, needs right now is for capital sources to dry up. So, what’s next for the seniors housing and care industry?
REGISTER TODAY and get the answers to these questions and much more from our panel of industry leading experts—without ever having to leave your desk:
|●||What are the odds that Fannie and Freddie loan volume for seniors housing will start to decline, if at all?|
|●||What does “level the playing field” mean in terms of higher rates charged by Fannie and Freddie?|
|●||Will underwriting criteria change?|
|●||Will higher rates at Fannie and Freddie really bring more private capital back into the market?|
|●||What is going on at HUD with the backlog and will it get straightened out?|
|●||PLUS….your chance to ask the leading experts your questions on seniors housing financing.|
Register below or call 1-800-248-1668.
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Freddie, Fannie and HUD: Shifting Political Winds & Seniors Housing Finance
Thursday, April 14, 2011 at 1:00p-2:30p ET