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Fiscal Year 2014 U.S. Dept. of Housing and Urban Development Atlanta Multifamily Production.

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Presentation on theme: "Fiscal Year 2014 U.S. Dept. of Housing and Urban Development Atlanta Multifamily Production."— Presentation transcript:

1 Fiscal Year 2014 U.S. Dept. of Housing and Urban Development Atlanta Multifamily Production

2 ON TARGET Fiscal Year (A)(7) Mortgage insurance made up 7% of total loans endorsed. 221(d)(4) Mortgage Insurance makes up 32% of total loans endorsed. Significant differences from Fiscal Year 2013

3 ON TARGET Total Mortgages Insured Atlanta MF Hub FY Closings by Mortgage Type 223(a)(7)33 223(f) (d)(4)NC3 221(d)(4)SR

4 ON TARGET Total Mortgages Insured Atlanta MF Hub FY Closings by Mortgage Type 223(a)(7)4 223(f) (d)(4)NC9 221(d)(4)SR

5 ON TARGET Total Endorsements by Section of the Act Comparison FY13FY14 223(a)(7) (f) (d)(4)NC (d)(4)SR TOTAL: 70 51

6 ON TARGET Total Units and Mortgage Amounts Endorsed FY 2014 SOAMortgage Amount Units 223(a)(7) $14,852, (f) $203,106, $11,776, (d)(4)NC $123,360, (d)(4)SR $65,358, $7,270, $3,122,90029 TOTAL$428,847,1007,753 FY 2013 SOAMortgage Amount Units 223(a)(7)$271,553, (f)$187,335, $6,150, (d)(4)NC$25,237, (d)(4)SR$25,278, $5,150, $3,122, TOTAL$523,828,20011,145

7 ON TARGET Trends in mortgage amounts In FY 2013, A7 and 223f insured mortgages made up roughly 88% of the total mortgages insured for the year. In FY 2014, this number dropped to roughly 50% of the total mortgages insured for the year. This drop was a result of a dramatic 88% reduction in A7 endorsements compared to the previous fiscal year. The mortgage amounts committed to 221d4 NC/SR increased by 374% in FY 2014

8 ON TARGET Trends in unit figures In FY 2013, total units insured for the fiscal year totaled 11,145. In FY 2014, this number dropped to 7, % of the units insured during FY 2014 are new construction. In FY 2013, only 3% of the total units were the result of new construction.

9 ON TARGET 221d4 NC/SR endorsements increased 223a7 endorsements declined New 202/811 activity is unlikely in FY f refinance endorsement figures remain stable Summary FY 2014

10 ON TARGET U.S. Department of HUD Atlanta MF Production 40 Marietta St. Five Points Plaza Atlanta, GA


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