HHC Finance announces fiscal year 2014 results
Housing & Healthcare Finance said that it led lenders under HUD'S section 232 LEAN Program with a total of $748.4 million in loans.
This was close to 18% of the program's $4.21 billion of fundings, the company said.Almost all of the closed loans came through refinancing conventional loans into HUD loans. It recorded $5.8 billion in loan production in fiscal year 2013. HUD's LEAN process was developed in 2008 for Section 232 loan applications.