aeiconsultants.com

The Federal Housing Administration’s (FHA) Office of Multifamily Housing Programs now has an updated and restructured Multifamily Housing Accelerated Processing (MAP) The MAP Guide describes how lenders qualify for participation and how lenders apply for mortgage insurance including the qualifications and roles, both financial and professional, of all participants. In addition to reorganization and streamlining of the 2016 MAP Guide, the new version refines the energy efficiency and Green Mortgage Insurance Premium (Green MIP) program. Obtaining certification (with minimum scoring requirements) allows a reduction in mortgage insurance premiums to 25 basis points; however under the updated guide, Energy Star for existing buildings (Certification based on score only) has been all but eliminated as certification for Section 223(f) and 223(a7) programs.

AEI Consultants, a leading commercial real estate assessment and consulting firm, has announced the promotion of Rachel Yockey to the newly created role of Director of Culture and Engagement. Within her new role, Rachel will work closely with the Chief Executive Officer, Holly Neber, the Human Resources team, Regional Directors, and other leadership to continue AEI’s commitment to build an inclusive and thriving culture. In addition to leading the DEI Advisory Council, Rachel will be leading the AEI 2021 Culture Project, launching an internal Career Path guide, oversee implementation of the Culture Handbook, and much more. About AEI Consultants AEI Consultants is an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies, and insurers, including many Fortune 500 companies.

As discussed on the January 25, 2021 Climate Risk panel at the Environmental Bankers Association conference, the Commodity Futures Trading Commission (CFTC) noted in September 2020 that climate risk poses a major risk to the stability of the US financial system. Our panel covered some potential ways for lending institutions to incorporate climate risk into underwriting and due diligence, using flood risk as an example. In a 2019 study, Deloitte found that more than half of US state insurance regulators “indicated that climate change was likely to have a high impact or extremely high impact on coverage availability and underwriting assumptions. Some investors “envisioned a future in which properties could not qualify for insurance at all and therefore became ineligible for loans.” During the EBA Panel, we surveyed the lenders in the audience, and received the following feedback as a potential signal of how the EBA community currently views climate risk:

These hires were made due to increased demand for assessment and consulting services by Government Sponsored Enterprises (GSE) lenders such as Fannie Mae and Freddie Mac. In her capacity as Vice President, Sarah will oversee day-to-day operations for all aspects of agency execution, including ESA, PCA, Zoning, Seismic and GREEN reports; confirming schedules and quality objectives are met; assures that training is provided; and that client scope of work requirements are met. He is well-versed in the Fannie Mae Delegated Underwriting and Servicing Guide requirements, the Freddie Mac Multifamily Seller/Servicer guide requirements, as well as the ASTM standard. AEI Consultants is an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies, and insurers, including many Fortune 500 companies.