Articles by Alcynna Lloyd

Kushner Companies buys $1.1 billion in multifamily real estate

Berkadia provided Kushner with nearly $800 million to finance the portfolio
Kushner Companies, the family real estate company of White House Senior Advisor Jared Kushner, is significantly expanding its multifamily portfolio thanks to the help of Berkadia Commercial Mortgage. This week, the real estate company closed on its $1.1 billion portfolio through financing provided from Warren Buffet's commercial lending company.
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Sales of new homes drop 6.9% in April from March's 11-year high

The level remains 7% higher than a year ago
Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.
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Freddie Mac: Mortgage rates at one-year low after falling four consecutive weeks

The 30-year fixed-rate mortgage averaged 4.06% this week
Mortgage interest rates have fallen for the fourth week in a row, giving way to an uptick in purchase demand, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.
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HousingWire News Podcasts: A conversation with Wings Financial

Listen to this week’s latest episode
HousingWire Editor-in-Chief Jacob Gaffney interviews Norm Creveling, the chief lending officer for Wings Financial Credit Union. In this episode, Creveling talks about the emergence of digital mortgages, the current housing market, and trends in consumer credit scores. Don’t miss it!
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April's depreciating home prices could signal the market reached its peak

April marks the first monthly decline in 7 years
In April, the median U.S. home depreciated 0.1% in value from the previous month, marking the first monthly decline in seven years, according to Zillow’s latest housing market report. Zillow Director of Economic Research Skylar Olsen said the likelihood that home values have peaked in several local markets is real.
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MBA: Mortgage applications rise again, but how long will this growth last?

Expert says economic uncertainty could be hindering growth
Although mortgage applications slightly rose for the week ending May 17, 2019, ongoing trade concerns could be hindering growth, according to the MBA. MBA Vice President of Economic and Industry Forecasting Joel Kan said some potential homebuyers may be delaying their home search until there’s more economic certainty.
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Freddie Mac expands its multifamily executive team

The GSE appoints 4 vice presidents to lead its multifamily channel
Freddie Mac recently announced it expanded its multifamily mortgage banking team, appointing Geri Borger Urgo, Catherine Evans, Michael Case and Amanda Nunnink to newly expanded VP positions. Freddie Mac Multifamily Executive Vice President Debby Jenkins says its essential to identify and develop skilled leaders as the GSE continues to transform its business.
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