We use the term “affordable housing” constantly in this industry. I use it. WRE News uses it. Developers, elected officials, housing agencies and advocates all use it. The problem is that two apartments can both legally and accurately be described as affordable...
Property valuation has always been one of the stranger parts of the mortgage transaction for consumers. A buyer can negotiate a purchase price with a seller, provide months of financial documentation to a lender and get all the way through underwriting only to have...
There are some lessons the mortgage industry learned the hard way. We learned what happens when loans are made without adequately documenting income. We learned what happens when borrowers are qualified into products they do not understand or cannot reasonably afford....
Fannie Mae (OTCQB: FNMA) experience a jolt of senior executive firings last week, though the circumstance behind their terminations remains unclear and the impact of their departures may not be as severe as news reports insisted. The Wall Street Journal, sourcing its...
The Hartford Insurance Group, Inc. (NYSE: HIG) announced the appointment of Priscilla Almodovar, former president and CEO of Fannie Mae (OTCQB: FNMA), to the company’s board of directors, effective Sept. 1. Almodovar will serve on the board’s Finance, Investment and...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
