May 26, 2021 |
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May 26, 2021 |
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May 26, 2021 |
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If you’re looking for information about affordable apartments, you’ve probably heard the terms “rent-regulated,” “rent-controlled,” and “rent-stabilized.” But you may be wondering, what do these terms mean? Our guide to rent-stabilized apartments in NYC walks you through the history of rent regulation, the difference between rent control and rent stabilization, and recent changes to the New […more]
May 26, 2021 |
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May 26, 2021 |
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May 26, 2021 |
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Fannie Mae now has a clear successor to take the reins of its single-family business following the departure of Andrew Bon Salle in December. The government sponsored entity has named Malloy Evans, the company’s current chief credit officer for single family, to head the division, it said in a statement Wednesday. The appointment of Evans […more]
May 26, 2021 |
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After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books. After all, the […more]
May 26, 2021 |
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Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex-Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. DeVito, who spent more than two decades at Wells Fargo before retiring last year, will take the helm of the GSE on June 1. “I am delighted to announce […more]
May 26, 2021 |
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May 26, 2021 |
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The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The study, ICE’s Origination Insight Report, also found April to be the second consecutive month of slowdown in share of refinances among total originations, dropping to 56% from […more]