News

10/17/2016

HUD Lean Program Ends Year with $2.8 Billion in Loan Production

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, 2016. Over the course of the fiscal year, the program closed $2.84 billion of loan volume, an increase of 5% as compared to 2015. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 60 and $554.4 million respectively.

10/20/2015

Lancaster Pollard Again Leads All Lenders in HUD Lean Seniors Housing Lending Activity

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, 2015. Over the course of the fiscal year, the program closed $2.7 billion of loan volume, a reduction of 35.7% as compared to the previous year’s total of $4.2 billion and 53.4% less than HUD’s record total of $5.8 billion in 2013.