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AREAS OF THE COUNTRY AFFLICTED WITH EARTHQUAKE THREATS NEED TO KNOW THE SHIFTING GUIDELINES BEING IMPLEMENTED LAS VEGAS—Some 13,000 letters are in the process of going out to owners of […]

Seismic Retrofit Ordinances Are Now In Effect In San Francisco and Los Angeles Although seismic retrofit ordinances are now fully in effect in San Francisco and Los Angeles, many property […]

THE AIM OF SEISMIC RETROFIT ORDINANCES IS TO CREATE A MORE SEISMICALLY RESILIENT BUILDING STOCK, LIMIT… …costly damage, and most importantly – protect life safety of building occupants in case […]

ACROSS THE STATE OF CALIFORNIA, SEISMICALLY UNSOUND BUILDINGS ARE GAINING THE POLITICAL ATTENTION NEEDED… …to create and enforce regulations to address risk. Last week, the City of Los Angeles announced a policy […]

FANNIE MAE’S NEW MULTIFAMILY GUIDELINES FOR UNDERWRITING AND DUE DILIGENCE… …are less than a week from implementation, and additional revisions were just released on January 27th. As the industry readies […]

A RECENTLY PASSED SAN FRANCISCO ORDINANCE WILL REQUIRE SEISMIC RETROFITS OF BUILDINGS Recently, San Francisco passed a mandatory Soft-Story Retrofit Ordinance that will require a seismic retrofit of existing buildings […]

FREDDIE MAC ANNOUNCED ITS NEW SEISMIC RISK POLICY FOR MULTIFAMILY SELLER/SERVICERS TO FOLLOW… …on April 24, 2013. Mark Field, Underwriter for the Targeted Affordable Group, summarized the new procedures on […]

As We Look Back on the Year and Ready Ourselves for a New One, It Is a Perfect Time For Lenders to Ask: “Are my risk management policies protecting me […]

How Do You Know When You Need to Consider Seismic Risk? Several Seismic Zone Maps Can Provide Direction. Most structured finance lenders—CMBS, Fannie Mae, Freddie Mac—and most life companies require […]