FHA lenders are thriving as banks flee the commercial market, Greystone CEO says
December 22, 2009 02:16PM
Lenders approved by the Federal Housing Administration are “doing extremely well right now,” said Stephen Rosenberg, CEO of commercial lender Greystone. Rosenberg told CNBC‘s “Squawk Box” that contrary to a few years ago, when as a Fannie Mae and FHA lender Greystone could scarcely compete with the market, the company now has seen its volume increase dramatically and is looking to hire staff. “We are getting, really, almost inundated with calls from banks — large and small — to purchase their multi-family commercial loan portfolios. Fortunately we are in a position where we are able to purchase because besides being an FHA lender, we are also one of the leading Fannie Mae lenders,” Rosenberg said.