Los Angeles-based Western Alliance Bank has named Charles Jones as senior director of multifamily housing finance. In his new role, Jones will lead a team that creates sector-specific financing solutions for multifamily developers nationwide, including workforce...
While fireworks will be soaring over the Fourth of July, mortgage rates are going into the holiday weekend in a continued decline. According to the Primary Mortgage Market survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as...
The village council of Dolton, Illinois, has voted unanimously to purchase the childhood home of Pope Leo XIV. Catholic News Agency reports the vote came after public hearings where some residents complained the village is carrying a high debt and has yet to finance...
The City of Detroit has filed a lawsuit against a Florida-based blockchain property investment platform that owns more than 400 blighted properties that have become unlivable. The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165...
Oluwaseun Adekoya, a Nigerian national, was convicted by a jury for leading a nationwide bank fraud scheme involving the theft of home equity lines of credit (HELOCs). According to the charges brought against him, Adekoya – who operated under multiple pseudonyms –...
Toll Brothers Inc. (NYSE: TOL), through its Toll Brothers Apartment Living rental division, has teamed with Gables Residential in a joint venture to develop Gables Angeline, a four-story, 243-unit luxury multifamily rental community in the Denver suburb of Littleton,...
