HUD Lean Program Ends Year With $3.6 Billion in Loan Production
(WorldNews Business)

COLUMBUS, Ohio--(BUSINESS WIRE)--Oct 18, 2018--The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2018. Over the course of the fiscal year, the program closed $3.6 billion of loan volume, an increase of 6% compared to 2017. A total of 317 loans were closed, as the program maintains its position as an important source of debt capital for...