Tag Archives: real estate

Johnson City to weigh $5.9m loan for Sevier Center replacement | News

A plan to build new housing for some of Johnson City’s most vulnerable residents is taking another step closer to reality. Next week, Johnson City leaders will decide whether to strike a deal with LHP Development, a Knoxville real estate developer, which plans to build 145 one-bedroom apartments to replace …

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SB FINANCIAL GROUP, INC. Management report and analysis of the financial situation and operating results. (Form 10-K)

SB Financial Group, Inc. ("SB Financial"), is a financial holding company registered with the Federal Reserve Board and subject to regulation under the Bank Holding Company Act of 1956, as amended. Through its direct and indirect subsidiaries, SB Financial is engaged in commercial and retail banking, wealth management and private …

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Here’s why United Wholesale is betting on home shopping

Despite the potential disruption to the broader US economy as a result of the war in Ukraine, the market consensus is that interest rates will continue to rise this year. As a result, mortgage bank stocks have taken a beating in recent months as investors factored increasingly higher expected interest …

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Great Ajax: Q4 2021 Earnings Conference Call – Presentation

Fourth Quarter and Year-End 2021 Investor Presentation We do forward-looking statements contained in this presentation are subject to risks and uncertainties. These forward-looking statements include information about possible or expected future results of our business, financial condition, liquidity, results of operations, cash …

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NAREB launches campaign to change policies and regulations limiting Black homeownership gains

Lydia Pope, President of NAREB Minority Real Estate Trade Association urges policymakers to tackle down payment assistance, loan level pricing adjustments, student loan debt and valuation bias It’s a travesty that in 2022, some five decades after the civil rights movement, there has been very little progress in black homeownership…The …

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Toledo Real Estate Weekly Update | national news

If anything can be said about the current state of the real estate market, it’s that change is coming. Over the past two years, the pandemic has kept US mortgage rates extremely low, with rates falling below 3% at certain points. Those historically low mortgage rates has made it much …

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Ladder Capital (NYSE:LADR) Reports Quarterly Results, Beats Estimates of $0.11 per EPS

Ladder Capital (NYSE:LADR) released its quarterly earnings data on Thursday. The real estate investment trust reported EPS of $0.21 for the quarter, beating the consensus estimate of $0.10 by $0.11, MarketWatch Earnings reports. Ladder Capital had a net margin of 5.35% and a return on equity of 0.80%. In the …

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BLACKSTONE MORTGAGE TRUST, INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-K)

The following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing elsewhere in this Annual Report on Form 10-K. In addition to historical data, this discussion contains forward-looking statements about our business, operations and financial performance based on current expectations that involve risks, uncertainties …

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Bay Area homes are less affordable as interest rates rise

Few homes for sale, high prices, fierce bidding wars — and now higher interest rates — have seeped into the Bay Area real estate market. Rising interest rates have pushed buyers’ monthly payments up nearly 7% over the past month, and more increases may be on the way. The Federal …

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The Day – The owner of the Steamboat Inn is the potential buyer of the Spicer Mansion

Mystic – Walter “Sonny” Glaser Jr., the Greenwich entrepreneur and part-time Mystic resident who invested $11.5 million in downtown retail space nearly three years ago, is the potential buyer of the Spicer Mansion, the boutique hotel whose owners avoided a foreclosure sale last week. Glaser, owner of the Steamboat Inn …

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Ladder Capital Corp Announces Tax Treatment of 2021 Dividends

Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2021 Class A common stock dividend payments. 2021, the tax treatment of distributions paid on the Class A common shares is as follows: Registration Dated Payable Dated Distribution per share Ordinary Dividends Qualified Dividends …

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Home Point Capital Appoints New Board Member – NMP

Joanna Zabriskie brings over 25 years of experience in real estate, banking and finance to the board of directors of Home Point Capital Inc. Zabriskie is the President and CEO of BH Companies, a national owner/operator of multi-family properties. She joined BH in 2013 as Senior Vice President. In December …

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Benchmark 2022-B32 plans to issue $1.7 billion in CMBS

Benchmark 2022-B32 is preparing to launch a $1.8 billion commercial mortgage-backed securities transaction, with 47 mortgages on 171 properties, mostly office buildings, serving as collateral. JPMorgan Chase Bank, Citi Real Estate Funding, German American Capital Corp and Goldman Sachs Mortgage are underwriters in the transaction, along with sponsors, mortgage sellers …

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PBOC cuts loan prime rates (LPR) for 1 year, 5 years

Pedestrians walk past the People’s Bank of China headquarters in Beijing, China. Julia Marchi | Bloomberg | Getty Images China’s central bank lowered its key lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the prime rate …

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China’s Xi Jinping urges West not to ‘tighten the brakes’ by raising interest rates too quickly

Chinese President Xi Jinping on Monday called on the world’s major economies to boost growth by coordinating policies as the world continues to emerge from the turmoil caused by the coronavirus pandemic. “Industrial chains and global supply chains have been disrupted. Commodity prices continue to rise. Energy supplies remain tight. …

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Home prices rise as inventories fail to meet demand | News

Sandra Bussell, right, and her partner, Brandon Eller, pose in their home. Image provided by Sandra Bussell CADILLAC — Moving is stressful enough, but finding a home to buy has been extremely difficult, which has driven home prices up. The County Wexford Equalization Department recorded that the number of residential …

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Up to $100,000 in a year: County Durham median home sale prices jump 33.3% in 12 months

DURHAM- The median selling price of a home sold in County Durham was $400,000 in December 2021. That’s a 33.3% increase from December 2020, when the median selling price of a home was $300,000, according to the latest data from Triangle Multiple Listing Service, TMLS, which published the monthly reports …

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Mortgage slowdown on the horizon this year – economist

Mortgage flows were high at the end of 2021, however, there are signs of easing for low deposit homeowner lending. Floating debt continues to decline as a proportion of the country’s total mortgage lending, according to CoreLogic. Photo: RNZ / Nate McKinnon CoreLogic’s chief real estate economist Kelvin Davidson said …

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CRE Veteran Wayne Potters Joins Lev as CEO to Launch First-of-its-Kind CMBS Digital Platform

NEW YORK, January 7, 2022 / PRNewswire / – Lev, the commercial real estate finance (CRE) platform known for its online commercial mortgage origination API and digital loan closing technology, today announced the hiring of Wayne potter as Managing Director and Head of Commercial Mortgage Backed Securities (CMBS). Potters joins …

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BCT-Bank of Charles Town automates commercial loans with Jack Henry

CITY OF CHARLES, W.Va., January 5, 2022 / PRNewswire / – (OTC: PTBS) – BCT-Bank of City of Charles, also known as The Community’s Bank, today announced that it will digitize its commercial lending experience through a collaboration with Jacques Henri & Associates, Inc. (NASDAQ: JKHY). BCT has grown rapidly …

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New year, new laws: 23 laws come into force on January 1 in Texas

The Texas State Capitol in Austin From chicken coops to police funding, 23 new laws came into effect in Texas on January 1. Some provide relief for disabled veterans and places of worship while others relate to the creation of municipal management districts. Here is an overview of these new …

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Real estate trends to watch in 2022 | Home & Garden

To say that the real estate market has changed and evolved over the past year would be an understatement. In the past 365 days, home prices have skyrocketed. Homeowners’ home values ​​have been climbing higher and higher. Competition for housing has been extremely tough. Investors are taking over properties in …

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MetroWest and Greater Milford housing market to remain challenging in 2022

While exorbitant prices and ruthless bidding wars kept thousands of potential buyers from landing a new home last year, experts say they may have a better chance in 2022. But it is a big one maybe. What has been a seller’s market will seep into 2022, as affordability will remain …

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Sector Update: Financial Stocks Rise In Post-Holiday Trading

Financial stocks advanced in afternoon trading, with the NYSE financial index rising 0.6%, while the SPDR Financial Select Sector ETF (XLF) was ahead 0.6%. The Philadelphia housing index was up 0.8% and the SPDR Real Estate Select Sector ETF (XLRE) was up 0.8%. Bitcoin was 3.1% lower at $ 51,915, …

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Greystone shuts healthcare industry’s largest CMO at $ 450 million – Business Daily News

Greystone on Thursday announced the closing of a $ 450 million commercial real estate secured loan bond (CRE CLO), which the company says is the largest healthcare CLO in history. industry. The financing is based exclusively on bridging loans, mainly on long-term care buildings. Greystone CRE Notes 2021-HC2 Ltd. is …

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LendingTree, Inc. (NASDAQ: TREE) is expected to report quarterly sales of $ 266.94 million

Equity research analysts predict that LendingTree, Inc. (NASDAQ: TREE) will report $ 266.94 million in sales for the current fiscal quarter, according to Zacks investment research. Five analysts have released LendingTree earnings estimates. The highest sales estimate is $ 274.51 million and the lowest is $ 262.10 million. LendingTree posted …

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NEWS GLEAMS: New Fund for Black Homebuyers, Vaccine Booster Trial Seeking Volunteers, and More!

organized by Emerald Staff A roundup of the news and announcements we don’t want to lose in the fast-paced news cycle! Bursting this week✨ City of Seattle Launches New Data-Rich Racing and Fairness Websites Looking for demographic information on race, housing and health? Discover the new series of websites launched …

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Network Independent Mortgage Broker Helps Make Solano County Home

FAIRFIELD – George Kalis opened his own mortgage company in January 2019 after working for 25 years for other people. Network Independent Mortgage Broker helps homebuyers find the finances they need to make home ownership a reality. “I was Chase Manhattan Mortgage Rookie of the Year in 1993 and moved …

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Mortgage Coach Executive Kelli Hodges Receives National Mortgage Professional Women of Inspiration Award in 2021 | national news

IRVINE, Calif., December 1, 2021 (SEND2PRESS NEWSWIRE) – Mortgage Coach, a borrower conversion platform for mortgage lenders to educate borrowers with interactive presentations that model mortgage performance over time, announced today that Chief Operating Officer (COO) Kelli Hodges Named the 2021 Mortgage Lending Women of Inspiration Award by National Mortgage …

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Angel Oak Mortgage, Inc. Closes Second Non-QM Securitization Since Initial Public Offering

Angel Oak Mortgage Inc. (NYSE: AOMR), a leading real estate finance company focused on acquiring and investing in unqualified first mortgage loans and other mortgage related assets in the US mortgage market, announces the closing of a 386 securitization, $ 9 million (AOMT 2021-7) backed by a pool of residential …

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No change to central bank mortgage rules

The central bank left its mortgage rules unchanged after the publication of its annual review today. However, it will now allow banks to carry over loans in excess of approved limits from one calendar year to the next. The Central Bank also announced its intention to introduce new rules for …

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Unconventional ideas can yield better returns

Alpha Metallurgical Resources, America’s largest coal producer, has eliminated billions in debt, … [+] is benefiting considerably from the rise in commodity prices and growing demand for steel, but its share nevertheless remains discounted. The Washington Post via Getty Images Investors should regularly look for an edge that will give …

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Liberty Union Mortgage Team Helps Homebuyers Bid Over Other Deals As Post-Pandemic Real Estate Market Continues To Soar

Jason Solowsky, Branch Manager Jason Solowsky, Branch Manager for the Liberty Union Team Jason Solowsky, Branch Manager for the Liberty Union Team NORTH ARLINGTON, NJ, Nov. 20, 2021 (GLOBE NEWSWIRE) – The United States is temporarily emerging from the worst of the coronavirus pandemic, and the real estate market has …

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Mortgage bills are coming back. $ 10 billion in aid can come first.

“It’s all coming from savings, and it’s kind of going down,” she said. Each program sets its own rules, including the duration of the granting of assistance, the amount per household and the expenses covered. New York, for example, will provide up to $ 50,000 for costs, including mortgage payments, …

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Broad Street development, Invesco Refi 80 Broad for $ 150 million

80 Broad Street and Invesco CEO Martin Flanagan (Google Maps, Getty) The office building at 80 Broad Street is being refinanced again, this time with PCCP intervening on the loan. Broad Street Development and Invesco Real Estate’s 423,000 square foot office building in the Financial District building are receiving a …

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Australian stock market loses ground as falling commodity prices weigh on resource stocks

Resource stocks dragged ASX lower, but a new entrant to the sector made a dramatic start as its share price more than tripled. The Australian stock market ended a two-day winning streak as falling commodity prices hit resource stocks, but a graphite game made a stunning debut as its stock …

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Ellington Financial announces estimated book value per common share as at October 31, 2021

Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced its estimated book value per common share of $ 18.35 as at October 31, 2021. This estimate includes the effect of the previously announced monthly dividend of 0 , $ 15 per common share share, payable on November 26, 2021 to …

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Dollar near yen-month low as inflation test looms

The dollar suffered a three-day loss against its major peers and traded near a one-month low against the yen on Wednesday, with eagerly awaited U.S. inflation data that could guide the timing of the dollar. ‘an increase in interest rates from the Federal Reserve. The dollar index, which measures the …

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Teresa Tims of TDR Mortgage specializes in non-QM loans to help self-employed people buy their homes in California

Demand for unskilled mortgages is skyrocketing after an inevitable lull due to years of seemingly impossible lending qualifications for the self-employed. Teresa Tims is ready to help future California homeowners achieve their goals. Upland, California, United States, October 22, 2021 (GLOBE NEWSWIRE) – Non-QM loans are essential loans that help …

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Bank First reports third quarter 2021 net income

MANITOWOC, Wisconsin., October 19, 2021 / PRNewswire / – Bank First Corporation (NASDAQ: BFC) (“Bank First” or “Bank”), the holding company of Bank First, NA, reported net income of $ 11.2 million, Where $ 1.46 per share, for the third quarter of 2021, compared to net income of $ 11.0 …

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Guide to refinancing your home loan

Rob daly Getty Images You might have thought that once you bought your house and took out a 30-year mortgage, you would never have to apply for a mortgage again. After a few years, however, you may decide that it makes sense to refinance your home loan. Here’s what you …

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MFA offers lucrative funding in targeted areas

The New Mexico Mortgage Financing Authority is best known for providing mortgage loans and down payment assistance to first-time homebuyers. However, they do much more than that. In addition to also providing tax credits and financing for the development of affordable rental housing, they also offer special financing to buyers …

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UWM Launches ‘BOLT’, Giving Mortgage Brokers the Tools to Get 15-Minute Initial Approval | Business

PONTIAC, Michigan – (BUSINESS WIRE) – Sep 25, 2021– United Wholesale Mortgage (UWM), America’s premier wholesale and buying lender, today announced the launch of BOLT, a self-service platform that provides initial approval for qualified borrowers in only 15 minutes. Mat Ishbia, President and CEO of UWM, made the announcement today …

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Pembrook Provides $ 15.35 Million First Mortgage to Acquire and Renovate Parkwood Apartments in Los Angeles County

Pembrook Capital has provided an initial mortgage loan of $ 15.35 million for the acquisition of Parkwood Apartments, a 90-unit multi-family building in Lancaster, California. Pembrook Capital Management LLC (Pembrook), one of the nation’s leading bridge lenders for affordable housing, has provided an initial mortgage loan of $ 15.35 million …

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(Korea JoongAng Daily EDITORIAL September 24)

While Hengda Real Estate Group, the main subsidiary of the Chinese Evergrande group, is on the verge of bankruptcy, the financial markets in Korea and abroad are fluctuating strongly. The Korean stock exchange may have avoided shocks from China by shutting down during the long Chuseok vacation, but the Kospi …

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PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization | Business

PLEASANTON, Calif .– (BUSINESS WIRE) – September 22, 2021– ICE TM Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced its latest partnership with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Integration …

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Impac Mortgage Holdings, Inc. Announces Appointments of Obi Nwokorie and Joseph Piscina to Board of Directors

IRVINE, Calif .– (COMMERCIAL THREAD) – Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the “Company” or “Impac”), today announced that Obi Nwokorie and Joseph Piscina have been appointed to the Board of Directors of the Company, effective September 17, 2021, bringing the total number of directors to six. Earlier in …

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Diamond entrepreneur | Manila weather

WILLYN VILLARICA Managing Director, Dominion Pawnbroker Inc. Gemologist stays true to a customer-centric service mantra “Mom mentored me in attention to detail, business acumen and art. But the most important lesson was to always pay the obligations on time and in full… Money can be earned. Once a person’s business …

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Black Knight: Mortgage Monitor July 2021

Driven by the booming housing market, exploitable equity – the amount available to homeowners before reaching a maximum combined loan-to-value ratio (CLTV) of 80% – has jumped almost 40% from the previous year. ‘last year. At $ 9.1 trillion in total – yet another record high – the average mortgage …

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Home loans drive up household debt

U.S. household debt grew at the fastest rate since 2013 in the second quarter, driven by a mortgage boom as Americans took advantage of low borrowing costs and sought more space to work from home. Household liabilities soared $ 313 billion to $ 14.96 billion at the end of June, …

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Better Launches Better Appraisal Guarantee ™, To Make Buying A Home Easier, More Accessible And Inclusive For All Homebuyers | Business

NEW YORK – (BUSINESS WIRE) – July 14, 2021– Better, one of the fastest growing digital homeowners in the United States, today announced the launch of Better Appraisal Guarantee, enabling mortgage applicants and buyers potentials to forgo their evaluation contingencies and compete more effectively with cash offers. Qualified buyers who …

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