Toronto-headquartered First Source Mortgage Corporation announced the retirement of co-founder and CEO David Mandel after 18 years of corporate leadership. In a press statement, the company said Mandel’s leadership grew First Source’s assets under management from...
Diana Reid, the CEO of Freddie Mac (OTCQB: FMCC), has reportedly been fired by Federal Housing Finance Agency (FHFA) Director Bill Pulte. No official statement of Reid’s firing was made by either Freddie Mac or the FHFA. Several news outlets, citing unnamed sources,...
Canada’s newly installed Prime Minister Mark Carney announced the federal government will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million. In a statement, Carney said the tax cut will save Canadians up to $50,000...
New York Gov. Kathy Hochul announced a Request for Proposals (RFP) for the redevelopment of a 12,800-square-foot state-owned property in Brooklyn. The property in Brooklyn’s Clinton Hill neighborhood has been owned by the Office of Children and Family Services...
The Los Angeles-based impact fund manager SDS Capital Group has rolled out SDS Impact Debt (SDSID), a capital platform designed to provide below-market permanent and construction financing for the preservation and development of affordable housing. According to the...
The Denver-based fintech Multiply Mortgage announced it has raised a $23.5 million Series A funding round led by Kleiner Perkins. According to the company A*, Box Group, Mischief, and Workshop also participated in the funding round, bringing the company’s total...
