Plaza Home Mortgage names Philip Yee and James Pathman to executive roles

Plaza Home Mortgage names Philip Yee and James Pathman to executive roles

Pathman brings more than 20 years of IT leadership experience within the mortgage and finance industry to his new role. Prior to joining Plaza, he served as the CEO at Data Resolution. He also previously has held executive information technology positions at Lehman Brothers and a number of national
See Original Article

Lenders feel benefit of M&A surge

Companies are pushing forward with global expansion plans and putting cash stockpiles to work despite more nationalist and protectionist political rhetoric, as top firms focus on buying growth rather than relying on slower organic growth. “The aspiration for large scale M&A is there. We have not seen
See Original Article

Harvey recovery funds may prioritize wealthy, advocates say

AUSTIN, Texas (AP) — Advocacy groups said Friday that Texas is poised to unfairly distribute billions in federal funding provided for housing repairs following Hurricane Harvey's devastation — prioritizing wealthy homeowners over poorer victims in ways that could constitute racial discrimination.
See Original Article

Mortgage Rates Spike Ahead Of May 2018 Federal Reserve Meeting

The Federal Reserve meets for its third scheduled meeting of the year and it's expected to hold the Fed Funds Rate unchanged until June; today's mortgage rate trends for conforming, FHA, USDA, jumbo, and VA loans; and, with mortgage rates spiking, the importance of staying patient while you're trying
See Original Article

Fortune Brands (FBHS) Lags Q1 Earnings & Sales, Ups '18 View

In the first quarter, Fortune Brands' cost of sales before charges/gains increased 5.5% year over year to $816.5 million. It represented 65.1% of net sales compared with 65.2% in the year-ago quarter. Selling, administrative, and research and development expenses before charges/gains grew 8.1% year
See Original Article

Report says Salt Lake City among 'toughest' housing markets for millennials

SALT LAKE CITY — While the Beehive State can boast one of the most robust economies and housing markets in the country, that strength has created a challenging circumstance for young would-be homebuyers, a new report says. According to California-based realtor.com, a combination of low
See Original Article

TSB customers suffer fifth day of IT problems as payday looms

The IT problems at TSB stretched into their fifth day on Friday, as many of the bank's customers continued to be locked out of their online accounts, causing uncertainty for those with end-of-month bills to pay. TSB, which has not been able to restore online or mobile banking for hundreds of thousands of
See Original Article

Average UK house price reaches new record of £213000 in April

House prices reached a new record high of on average in April, according to an index. Property values edged up by 0.2% month on month, reversing a 0.2% dip seen in March, according to figures from Nationwide Building Society. The annual pace of UK house price growth also accelerated to 2.6%,
See Original Article

Canadian Real Estate Investment Trust to Acquire Interest in Downtown Toronto Development Parcel

CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a
See Original Article

HFF Arranges $33.8M Loan for Apartment Community in Metro Denver

The seven-year, floating-rate loan was secured through Freddie Mac's CME Program. Loan proceeds were used to refinance expiring construction financing. Completed in 2017, the 216-unit Palisade Park is 95 percent occupied and comprises one-, two- and three-bedroom units ranging from 731
See Original Article

Ileana Izquierdo promoted to AVP of Lending

MIAMI LAKES, FL (April 27, 2018) — JetStream Federal Credit Union announces that Ileana Izquierdo has been named assistant vice-president (AVP) of lending. She will have the primary responsibility of assisting the vice-president/chief lending officer (CLO) with strategic lending growth, while
See Original Article

Kelowna condo marketing itself as solution to city's housing crunch

It's no secret that Kelowna is growing, and with an increase in population comes more competition for housing. Now, one condo development is marketing itself as the solution to that problem for buyers who are looking to get into the market. However, not everyone agrees that's the right way to deal with
See Original Article

Global Lease Management Software Market 2018 – Accruent, CoStar Real Estate Manager …

The report gives the detailed overview of Global Lease Management Software Market 2018 and predicts future market trends throughout the forecast period from 2018 to 2023. Also the report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current Lease Management
See Original Article

US makes it cheaper for foreign nations to buy American weapons

WASHINGTON ― The Defense Security Cooperation Agency announced this week that it is reducing a surcharge on American defense goods sold abroad from 3.5 percent to 3.2 percent, effectively dropping the price foreign nations have to pay when buying weapons through the Foreign Military Sales
See Original Article

How social media is changing real estate

For many real estate agents, social media has become a powerful marketing tool to promote listings, reach clients and make important connections within the industry. It also allows agents to post in real-time and instantly update their followers when a new property hits the market. This is especially
See Original Article

Mortgage REIT merger: Two Harbors acquiring CYS Investments

… securities, mortgage servicing rights, and other financial assets. And now, the company is preparing to expand its agency RMBS business by acquiring CYS Investments, a fellow mortgage REIT that specializes in investing in agency RMBS backed by fixed rate single-family residential mortgage loans,
See Original Article

A year of trials and tribulations

So, Real Estate (Regulation & Developmen) Act, 2016 is here and now all grievance will be taken care of, the Regulator will tighten the builders and all that was wrong in real estate sector is going to be set right. One year ago, this was what was expected of RERA — a quick -fix solution for years of rot.
See Original Article

HousingWire's Weekly Newscast #4

This week, HousingWire Editor-in-Chief Jacob Gaffney is joined by Reporter Kelsey Ramírez and Online Editor Caroline Basile to discuss the Consumer Financial Protection Bureau's final amendment to TRID's Know Before You Owe rule, disappointing GDP results, mortgage rates, and Freddie Mac's
See Original Article

New Residential's 1Q18 earnings jump on higher servicing revenue

New Residential Investment Corp. reported a 400% year-over-year increase in net income as its servicing revenue improved dramatically over the previous year. The company posted net income of $604.3 million for the first quarter, up from $288.3 million in the fourth quarter and $121.4 million in the first
See Original Article

Kanye Can't Save Tesla

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Chipotle's long road back to Indonesian mine malfeasance, here are four charts that tell you what you need to know in business today.
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.