MHN News interviewed Bill Killmer of the Mortgage Bankers Association regarding the changes coming for multifamily real estate investment with the new Congress:
I think that the electoral outcome by definition threw sand into the gears of the GSE debate and means that it will take longer than it would have otherwise. I think the football really starts to get kicked into play when the administration releases its proposal in January, and I think there’s no question that House Republicans will look at this within a very different context than if Barney Frank were still holding the gavel in the House Financial Services Committee…
Killmer expects changes in how banks handle losses, how the GSE’s (Fannie and Freddie) are treated, and how the law approaches tax scenarios. Read more here: MHN Online.
To learn more about Chris in a professional setting, visit his business site here: Walnut Hill Advisors, LLC