David Benson, the former president of Fannie Mae (OTCQB: FNMA), is rejoining the government-sponsored enterprise in the capacity of a senior adviser. Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and the self-appointed chairman of Fannie Mae, made...
New Orleans’ Neighborhood Development Foundation (NDF) has received a $60,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas, Home Bank, Liberty Bank & Trust, and Renasant Bank that will support its affordable housing initiatives...
Neighborhood Ventures (NV), a real estate operator and an online real estate investment company that enables investments in multifamily properties, has acquired Route 66, a 24-unit multifamily property in Flagstaff, Arizona, via a Section 721 UPREIT exchange valued at...
For the second time this year, the Federal Reserve has issued a rate cut. The central bank’s policy making Federal Open Market Committee voted to lower the target range for the federal funds rate by a 0.25% to a new range of 3.75% to 4%. All but two of the Committee’s...
Pending home sales in September were unchanged from August and were down 0.9% from one year earlier, according to the data from the National Association of Realtors. Month-over-month and year-over-year pending home sales were up in the Northeast and South but declined...
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
