Eastern Mortgage Capital, Burlington, Mass., has provided $6.79 million in permanent financing for an apartment complex in Philadelphia.
Category: News and Trends
Success Among Rough Mortgage Waters–Scott Almy & Adam Laird from Cornerstone
The drop in mortgage business hasn’t been a sinking ship for all. Some banks remain successful and continue to prosper with their mortgage business. How were some able to weather the storm when others abandoned ship?
RentCafe: Housing, Jobs, Lifestyle Driving American Moves
RentCafe, Santa Barbara, Calif., reported that approximately 24 million Americans moved last year, citing housing, jobs and lifestyle choices as motivations.
MISMO Winter Summit: January 13-16 in Miramar Beach, Fla.
MISMO Summits allow you to network and collaborate with your colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible.
People in the News, Dec. 6, 2024
Industry personnel news from Calque, SingleSource and Rate.
Redfin: 2025 Likely to See More Sales
Redfin, Seattle, released predictions from its economists for next year, anticipating there will be more sales due to pent-up demand, but some Americans hoping to buy will still be priced out.
Quote of the Day
“Our analysis found that high opportunity areas and higher rent areas have both lower [housing choice] voucher usage and a relatively low level of affordable units based on voucher limits.”
–Sara Hoffmann, senior director of multifamily research at Freddie Mac
Freddie Mac Finds Cost Barriers May Prevent Housing Choice Voucher Usage
Although there are significant variations by market, Housing Choice Voucher use remains limited in high opportunity areas compared with areas of concentrated poverty, according to Freddie Mac Multifamily, McLean, Va.
Dealmaker: JLL Arranges $25M to Refinance Chicago’s Luxe on Madison
JLL Capital Markets, Chicago, secured a $24.75 million refinancing for Luxe on Madison, a 102-unit, Class A multifamily community in Chicago.
Cornerstone’s Scott Almy and Adam Laird: Success Among the Rough Mortgage Waters
The drop in mortgage business hasn’t been a sinking ship for all. Some banks remain successful and continue to prosper with their mortgage business. How were some able to weather the storm when others abandoned ship?