Seattle to Allocate $100M for Affordable Housing

Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year, including 26 homes for first-time homebuyers plus nine new apartment buildings. According to a Seattle Times report, the nine new multifamily
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The reverse mortgage lender American Advisors Group (AAG) is moving its sales and marketing teams to a newly-leased 64,405-square-foot space at Irvine Towers in the Business District of Irvine, Calif. The company's corporate offices will remain at its Orange, Calif., headquarters. AAG will occupy the
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The firm also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It has a 20.48 P/E ratio. It also provides title insurance, and
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Dec 18 (Reuters) – Wells Fargo & Co, the third-largest U.S. bank by assets, said Mary Mack would head its consumer lending business, in addition to community banking. Mack, a 33-year veteran of Wells Fargo, will continue to serve on the lender's operating committee and report to Chief Executive Tim
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SAN ANTONIO, Dec. 18, 2017 /PRNewswire/ — Lynd Residential Properties and Lynd Development Partners are getting a new name. Longtime business partners Michael J. Lynd, Jr., Sam Kasparek, Daniel Zunker, and Madison Marceau today introduced Kairoi Residential, a premier, vertically
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A unit of New York Life Insurance bought a 24-story apartment tower in downtown Evanston, the biggest multifamily deal in the Chicago suburbs this year. New York Life Real Estate Investors said it has acquired the Park Evanston, a 283-unit building at 1630 Chicago Ave., just south of the Northwestern
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Nevele mortgage holder retakes property, but attorney for sports complex developer says plan is still a go … WAWARSING, N.Y. >> The company that holds the mortgage on the former Nevele hotel has bought the property at auction at $3.5 million, but an attorney for developer Michael Treanor says the
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The Federal Housing Finance Agency today outlined how Fannie Mae and Freddie Mac will work to improve the distribution and availability of safe and sound residential mortgage financing in underserved markets. Under a 2016 final rule implementing the new “duty to serve” requirements, Fannie Mae
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Pennsylvania Real Estate Investment Trust (NYSE:PEI) and Whitestone REIT (NYSE:WSR) are the two most active stocks in the REIT – Retail … we will compare the two companies based on the strength of their growth, profitability, risk, returns, valuation, analyst recommendations, and insider trends.
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Kunze and Egland have known each other since elementary school, Egland said, but recently grew close when Egland helped Kunze get the job at the title company. “She was an amazing closer,” Egland said. “Our job is very difficult, very stressful. She took it all in stride. She handled everything so well.
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TORONTO, Dec. 18, 2017 (GLOBE NEWSWIRE) — The Slate Canadian Real Estate Opportunity Fund I (the “Fund”) announced today that Slate Acquisitions Inc. on behalf of the Fund, has agreed to purchase a portfolio of real estate assets (the “Portfolio”) from Cominar Real Estate Investment Trust.
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Leon's other top calls for the banks next year include investment banks deciding to combine their fixed income, commodities and currencies trading businesses, and earnings accelerating in the second half as the yield curve steepens and banks see higher net interest income. Of his 10 predictions for
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While there has been a fair amount of turmoil lately about the leadership of the Consumer Financial Protection Bureau, most observers believe that no matter who is heading up the agency, the new amendments to the Know Before You Owe / TILA-RESPA Integrated Disclosure rule or, as they are
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“Finally, the housing market continues its upward grind, as it struggles to balance strong demand and house price appreciation with inventory shortages and affordability concerns.” But this prediction is much lower than other experts and even the Federal Reserve itself. Experts explained they expect the
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In the past year, the total deposits for the five largest US banks—JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), Citibank (C), and US Bancorp (USB)—grew 4.3%. It's higher than the average industry growth of 3.9%. The top five banks' deposit base averaged ~$5.3 trillion in 3Q17
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File photo: The revision might also bring tax benefits to several members of Congress, according to financial disclosures they've filed that reflect ownership of pass-through firms with real estate holdings. One such lawmaker, Republican Sen. Bob Corker of Tennessee, who'd voted against an earlier
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Marriott International logo Marriott International (NASDAQ:MAR)'s stock had its “buy” rating restated by stock analysts at Morgan Stanley in a research report issued on Friday, December 8th. A number of other research analysts also recently issued reports on MAR. UBS reiterated a “neutral” rating and
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CBRE, through its Freddie Mac Seller Servicer direct lending program, secured a seven-year floating rate loan with 42 months of interest only. Lisa Widmier, executive vice president of CBRE National Senior Housing, represented the seller. Aron Will, vice chairman of CBRE National Senior Housing,
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The low inventory of affordably prices homes continues to shrink, and Freddie Mac announced its plan focuses on supporting underserved markets by financing more rural and manufactured homes. With this effort, the company hopes to preserve affordable housing for homebuyers and renters across
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Robert G. Wilmers, the Chairman and CEO of M&T Bank Corp. Robert G. Wilmers, the Chairman and CEO of M&T Bank Corp., passed away at his New York City home on Saturday night. He was 83 years old, and the cause of death was not disclosed. Wilmers was a Financial Official in New York
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