HUD made several minor changes to its multifamily mortgage insurance program in the last few weeks. Mortgagee Letter 2009-22 sets forth the agency’s revised policy to grant temporary authority to multifamily hub directors to waive the “three-year rule” for section 223(f), which insures mortgage loans to facilitate the purchase or refinancing of existing multifamily rental housing...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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