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Updated over 3 years ago, 05/24/2021
Freddie Mac Debt Service/Covid19 Escrows Going Away?
What is everyone's opinion on Freddie Mac debt service/Covid19 escrows going away and how will that effect the economy and the multifamily sector?
We have been told they are going away by several lenders. This a much welcome development.
It will make the numbers look a bit better but not by a ton. I (and most people I knew) was already underwriting that I was raising the extra funds to pay for the escrows but doing a return of capital after a year anyway.
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A plus- that is a for sure!
Definitely, all great points!