Federal Home Loan Bank Pittsburgh and the Pennsylvania Housing Finance Agency are partnering to create fund programs that help fight homelessness and assist people at risk of losing their housing. Home4Good, a housing entity aimed at ending homelessness in the state of Pennsylvania, just got $4.5 million from FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency to fund its launch.
Inspirato is making the jump into the single-family rental realm/ownership with a new business arm, Inspirato Real Estate. It is marketing homes as rental investments within its portfolio for people who are looking to buy a vacation home but are hesitant for fear of losing money on the home or never using it.
Doug Pelfrey, one of the Cincinnati Bengals’ all-time leading scorers, is going to invest over $25 million in multifamily housing across the Cincinnati metro, according to the Cincinnati Business Courier. His company, Blue Tide Partners will be purchasing and revamping a nine-property portfolio in the Greater Cincinnati area.
Although unemployment is near a historic low, wage growth continues to threaten U.S. economic recovery. The national decrease of unemployment means employers have more pockets to fill, but healthcare, insurance, retirement, paid leave and other benefits make employees too expensive, according to an article by Lydia DePillis for CNN.
Delinquency rates for commercial and multifamily mortgage loans remain about as low as they can get, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report. Five of the major investor types have delinquency rates hovering near 0%.
Despite the Trump administration's ongoing regulatory rollback, government regulations still make up a healthy chunk of the cost of multifamily building, according to a newly released study from the National Association of Home Builders and the National Multifamily Housing Council. How much exactly? Well, you'll have to click to find out.
The Federal Reserve’s outlook for gradual interest-rate hikes were reinforced in May, as U.S. inflation accelerated to the fastest pace in more than six years, although wage gains remained moderate despite an 18-year low in unemployment.
Merrill Lynch will pay $15.7 million to settle allegations that its employees misled mortgage bond customers and overcharged those customers residential mortgage-backed securities trades during a three-year period from 2009 through 2012, the Securities and Exchange Commission announced this week.
After placing the government-sponsored enterprises into conservatorship in September 2008, the FHFA suspended regulatory capital requirements. Now, it is proposing new rules for Fannie Mae and Freddie Mac's capital requirements, but the rules wouldn't go into effect until the GSEs are out of conservatorship. Here’s what the FHFA is proposing.
As the cryptocurrency craze shows no sign of slowing down, there is an increase of real estate professionals using cryptocurrencies in real estate transactions. One of the newcomers is Engelo Rumora, who recently explained how he closed a real estate deal that used a cryptocurrency as a down payment.
The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.
The multiple characteristics of blockchain make it an incredibly attractive mechanism across industries. It provides an unchangeable, time-stamped ledger that allows for real-time and simultaneous input. It is the perfect set-up for industries where transactions are routinely moved from entity to entity or business to business and where records need to be verified and audited. Naturally, therefore, in the world of title and real estate, blockchain provides an incredibly innovative platform.
It has been proven time and time again that companies that make an investment in workplace culture attract the industry’s best talent and achieve greater success. For leaders who want to see their business grow to the next level, the solution is to focus on building a great culture — a culture of excellence.