Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.68 trillion as of November. In addition, Ginnie Mae issued nearly $50 billion in total MBS, resulting in net portfolio growth of $23.4 billion. Within that total sum, $48.5...
The Aventura, Florida-based real estate investment firm Cardone Capital has launched 10X Space Coast Bitcoin Fund, which combines institutional-quality real estate with Bitcoin purchases. According to the company, the $87.5 million fund marks the first time a major...
HomeStreet Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, has agreed to sell to Bank of America (NYSE:BAC), on a servicing retained basis, $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing,...
Mortgage rates ended 2024 hovering back to within the vicinity of the 7% level, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26, up from last week when it averaged...
PNC Bank N.A. announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 96, which is investing $128 million in the development and rehabilitation of affordable rental housing. According to the bank, the fund includes investments from PNC and four other banks...
A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property in Portland. Built in 2016 and located in the city’s North Pearl District, the property’s residential floorplans...
Hits and Misses for the Real Estate Week of June 15-19
