Is anyone seeing private money tightening up on their Multifamily Financing.

Yeah, I thought I was accounting for everything in my calculations, I suppose I need to tighten up the numbers in the future. 

Many lenders, including Visio, Velocity, Silver Hill and Finance of America have either tightened up or gone away in the last 3 months, so a good broker who's actively closing loans should be your new best friend.Also, you will not get Fannie rates on these products.

Three reasons: (1) the federal government is still in the driver's seat with Fannie Mae & Freddie Mac, so those mortgages will get deferred or worked out in some way; politicians got killed last time for the foreclosure rate, so they are not going to let it happen again and (2) the fundamental structure around loan origination is a million times better than it was in the run up to 2008; between 01 - 07 you did not need a license to originate a loan once Dodd-Frank passed and licensing became the standard a lot of bad loan officers got out of the business, and (3) Banks also tightened up their verification standards ( I know the standards are still relatively loose) but 4506T forms were not used between 01 - 07, so people lied about their income; after 2008, banks started to use 4506T forms to verify tax returns. 

With credit standards tightening amid high unemployment and fears that the economic recovery is stalling, some potential buyers won’t qualify for loans or could struggle to find homes in their price range.

But because of the strained family situation, if allowed in your state, you might want to offer to pack up the deceased person's stuff and place it in a storage unit. 

I've easily thrown ~$20K already, I've got a mortgage on the property, thankfully not causing to much strain on me, but regardless, i'm losing $ every month I'M Paying the mortgage and not a tenant.

Local lenders are generally more focused on building a personal relationship and sense of trust with each borrower.Also keep in mind that underwriting requirements for self-employed income have tightened up significantly since March.

As a result, banks are tightening their requirements and deals are falling apart because borrowers cannot get a final commitment or 'clear to close' from the banks.Top agents in my market and in other markets have never been busier.

When I buyer has their inspection, if the HVAC turns out to be really old, the roof looks good from the ground, but when on it needs replaced, a sill plate is rotted, even a toilet tank that isn't fully tightened down.