Fannie Mae reveals Q3 results

By: ameer@trustedteam.com

Of the roughly 159,000 multifamily rental housing units financed by the enterprise in Q3, a sizeable majority were affordable to households earning at or below 120% of area median...

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Ameris Bank taps industry veteran to head homebuilder division

By: ameer@trustedteam.com

Before Ameris, McWilliams spent over 15 years at Fidelity Bank as senior vice president. He also held other leadership roles early in his career, including market president at Park...

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Cenlar FSB names new president and acting CFO in strategic leadership update

By: ameer@trustedteam.com

Cenlar FSB has revealed some changes in its executive lineup. David Schneider, previously chief financial officer, has been promoted to president. Meanwhile, John Mezzasalma, senior vice president of finance,...

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“Hometown Heroes” come to the rescue amid market slowdown

By: ameer@trustedteam.com

“Education literacy for everyone,” she said when asked for an area ripe for focus. “I think that’s something that, as a broker community, we could definitely push more for...

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Mortgage boom coming – what should be your priorities?

By: ameer@trustedteam.com

Devoted to AIME Shelton is an active member of AIME, including acting as a “state captain” for her home state of Michigan. Earlier this year, AIME launched the program comprising...

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LV= partners with Scottish Widows to launch two later life products  

By: ameer@trustedteam.com

LV= will launch two equity release products as part of a new funding partnership with Scottish Widows.   The financial services firm says its LV= Lump Sum Lifestyle and Drawdown...

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Even cherry-picked office loans are causing problems for banks

By: ameer@trustedteam.com

Despite strong deal metrics, a recently booked loan involving a Boston office building has lead to headaches for Westerly, Rhode Island-based Washington Trust. Usually, banks aren't penalized for...

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Dave Stevens forsees the “worst winter the industry has ever faced”

By: ameer@trustedteam.com

Ginnie has the PTAP program, but the problem is that for the lender to use it, they had to claim that they were actually in default, or illiquid as...

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Judge denies effort to squash claims in agent commission case

By: ameer@trustedteam.com

A federal judge last week denied motions by real estate players to grant judgment in their favor in the ongoing, closely watched trial over real estate agent commissions.The trial...

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New correspondent lender focusing on underserved markets

By: ameer@trustedteam.com

Steve Thomas, the mortgage industry veteran behind Futurewave Finance, a minority-owned correspondent lender, found his career path in the capital markets included taking on a lot of roles around...

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