ECA has acquired a 20-property apartment portfolio spanning 13 Texas cities, using $101 million in debt and equity capitalization to expand its multifamily footprint across a collection of smaller and midsize markets. Elowen Capital said it structured and sourced the...
Foreclosure activity remained above year-ago levels in August, with completed foreclosures posting a particularly sharp annual increase even as the overall volume of distressed properties remained far below levels seen during the housing crash. A total of more than...
Home sellers are increasingly paying to get deals across the finish line as elevated mortgage rates and abundant inventory give buyers more negotiating power. Seller concessions were reported in 44.7% of U.S. home sales in August, up from 42.6% a year earlier and the...
Two of the biggest names associated with California’s retreat from homeowners insurance are moving—cautiously—in the opposite direction. State Farm General and Allstate have filed plans that could allow them to resume writing some new homeowners policies in California...
The U.S. Department of Housing and Urban Development is preparing to put roughly $1.3 billion of vacant reverse-mortgage loans into the market, creating one of the more consequential distressed residential note sales on the federal calendar this fall.HUD’s Office of...
PenFed Mortgage Originations Rise 65% to $1.7 Billion Through September
