President-elect Joe Biden has chosen longtime Washington operative Ronald A. Klain as White House chief of staff, sending an early signal that he intends to rely heavily on experience, competence and political agility after a Trump presidency that prized flashiness and personality. Klain, 59, has been a senior adviser to Democratic presidents, vice presidents, candidates and senators.
STRONGSVILLE, Ohio--(BUSINESS WIRE)--Nov 12, 2020-- Union Home Mortgage (UHM) today announced that Trina Greathouse has been hired as an Account Executive with the company's Third Party Origination channel to support the Midwest region, including Nebraska, Iowa, Kansas and Missouri. Greathouse will work with non-delegated and broker clients, and will report directly to Jim Wickham, Vice President - Third Party Origination.
BETHESDA, Md., Nov. 12, 2020 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it completed the sale of Argyle & Harvard Apartments, a two-property, 98-unit value-add portfolio. Situated in the Hollywood submarket of Los Angeles, California, the unofficial global headquarters for the entertainment and media industry, the multifamily communities offer immediate access to Hollywood's expanding corporate footprint and growing job base.
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Despite foreclosure moratoria holding steady in several states, a recent foreclosure report from ATTOM Data Solutions revealed a total of 6,042 U.S properties began the foreclosure process in October. That number is up 21% from a month ago, but still down 79% from this same time last year.
Multifamily experts expect housing issues to play a big role in the new administration. They are also anticipating a divided Congress, which may postpone tax reform and could hurt investors with changes to 1031 exchanges and Opportunity Zones.
Are the election results under control? Thank you to Hawai'i's Joe G. who sent along this site where the odds of who the next president will be are posted; you can buy shares in your favorite! Is COVID under control? In some parts of the nation...
The Federal Housing Finance Agency said today it has validated and approved the use of the classic FICO credit score model by Fannie Mae and Freddie Mac. Evaluating new credit score models was mandated by the S. 2155 regulatory reform law.
The Federal Housing Finance Agency approved the use of the Classic FICO credit score model for Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency (FHFA) has given Fannie Mae and Freddie Mac the green light to use the Classic FICO credit score model for mortgage loan underwriting - but says it will take "an additional year to complete the validation and approval process" of the remaining third-party credit score models it has been considering.
Average mortgage rates nudged higher yesterday. And conventional loans started out this morning at 2.75% (2.75% APR) for a 30-year, fixed-rate mortgage. Yesterday's rise was a little higher than expected. That may be down to lenders catching up with Monday's changes. This morning, key markets seem calmer still.
In this week's continuation of the special 2020 Election Results Edition of Tax Credit Tuesday, Michael J. Novogradac, CPA, and Peter Lawrence, director of public policy and government relations at Novogradac, discuss additional observations from the results of the 2020 presidential election, as well as key results in House and Senate races.
The Mortgage Bankers Association's latest Forbearance and Call Volume Survey revealed this week that the total number of loans now in forbearance decreased by 16 basis points from 5.83% of servicers' portfolio volume in the prior week to 5.67% as of November 1, 2020. According to MBA's estimate, 2.8 million homeowners are in forbearance plans.
Brandon McGee has joined BSI Financial Services, a mortgage-centric financial services company, as vice president of mortgage servicing rights transaction manager. A 15-year veteran of the mortgage industry, McGee comes to BSI from Fannie Mae, where he has worked for the past 11 years, most recently as a relationship manager.
GOSHEN TOWNSHIP - Township trustees Monday night addressed a letter to the editor written by the fiscal officer calling for a road levy specifically for equipment to be placed on an upcoming ballot. Trustees said they want to take time to review and discuss the situation before going to the residents.
ORLANDO, Fla. - CVS Health is investing $8.7 million into a new 116-unit affordable apartment community on Mercy Drive in Orlando, a stretch of road in Pine Hills identified by the City of Orlando as an area in need of more affordable housing.
The markets have come back down to Earth after a wild Monday. Some additional details about a potential Pfizer vaccine have also come out, which illustrate how complex a process it will be to widely distribute. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
The following information is courtesy of the Watauga County Register of Deeds Office website and is public record. A grantee indicates the recipient of the deed, whether by purchase, gift or otherwise, while the grantor is the party releasing the deed.
Richard Robertson, a Georgia veteran, recently began his journey to healing from post-traumatic stress disorder and with the help of Leashes of Valor's specially trained service dog has shown vast personal growth. A pairing partially thanks to EPM's generous donation. I can't wait to meet my doctor dog," Navy veteran Richard Robertson said.
SAN FRANCISCO, Nov. 10, 2020 /PRNewswire/ -- RegTech company Compliance.ai has closed its Series A round of financing, raising $3 million in additional funding led by Cota Capital. The company is committed to providing best-in-class RCM processes for compliance officers, risk officers, counsel and regulators alike.