Walker & Dunlop hired Javier Rivera as senior vice president to help lead its newly minted West Coast multifamily investment sales team. Before he signed on with Walker & Dunlop, Rivera was an executive vice president with JLL’s Capital Markets Group and built the company’s multifamily investment sales and finance business in Southern California.
Fannie Mae issued a fraud alert to mortgage lenders in Southern California, saying it identified several employment entities that appear to be fictitious. The GSE issued a list of potentially fake employers in the area, and warned lenders to be cautious.
This homebuilder in Southern California just hired Tim McSunas as its new executive vice president. Here’s more on how his previous positions prepared him for this role, and what he will now be responsible for.
HomeUnion, an online real-estate investment management firm, announced that it has added Southern California to its list of active investment markets due to a lot of strong interest from Asia-based investors who are seeking growth and a haven for capital.
The high costs are driving the amount of sales to a six-year low. There were a total of 17,638 new and resale houses and condos sold in the Southern California area in March. That's the lowest in March since 2008.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.