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Meridian Capital Group, LLC announced the following transactions: * A new mortgage of $1,500,000 w on a 16-unit, four-story multi family building on 34th Street in Long island City, NY. The loan features...
Business Journal
By Allen, Mike | Publication: San Diego Business Journal | Filed In: Navies and Armed Forces
The presence of the U.S. Navy and U.S. Marine Corps in San Diego hasn't been lost on Navy Federal Credit Union. The world's largest credit union, with more than $47 billion in assets...
Business Journal
NEW YORK -- Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to eight classes of mortgage pass-through certificates from Sequoia Mortgage Trust (SEMT) 2012-1, a jumbo prime RMBS transaction. The transaction is secured...
Press Release
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement: determination of correct tax liability. (Also Part 1, §§ 856: 1.856-3, 1.856-5, and 1.860F-4.) SECTION 1. PURPOSE This revenue procedure...
Business Journal
Safe Harbor Reporting Method for Eligible REMICS Required to Report on Schedule Q Information with Respect to REMIC Assets PURPOSE This notice provides a safe harbor reporting method that an eligible real estate...
Business Journal
By Solnik, Claude | Publication: Long Island Business News | Filed In: Commercial Banking and Banking Institutions & Systems
New York Community Bancorp, one of the nation's biggest and fastest growing banks, has come under fire for making loans to landlords who fail to invest in buildings and seek to push out...
Business Journal
NEW YORK -- Fitch Ratings affirms the 'A+' rating assigned to $321.6 million outstanding bonds issued under the Vermont Housing Finance Agency (VHFA) 1990 Single Family Mortgage Program Bond Resolution. The Rating Outlook...
Press Release
Former Fannie Mae VP of Single-Family joins as SVP Strategic Initiatives SANTA ANA, Calif. -- Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management, and predictive analytics,...
Press Release
Publication: Business Wire | Filed In: Multifamily Mortgages and Mortgage Loans
BOSTON -- UC Funding recently closed a $16.8 million investment on a portfolio of properties located in Chicago, IL and Tennessee. The transaction was underwritten and closed in under 30 days. The Investment...
Press Release
By Anonymous | Publication: United States. Internal Revenue Bulletin | Filed In: Estate Tax and Estate, Gift & Trust Law
TABLE OF CONTENTS SECTION 1. WHAT IS THE PURPOSE OF THIS REVENUE PROCEDURE? ................................................ 5 .01 Description of terms used in mis revenue procedure ................................................................ 6 .02 Updated annually .............................................................................................. 6 SECTION 1,...
Business Journal
By McKinney, Jeffrey | Publication: Black Enterprise | Filed In: Economic Recovery and Economic Conditions
At age 58, Matthews knows how tough it is to find employment. Although the unemployment rate among workers 55 and older is relatively low at 6.4%, it takes those 45 years or older...
Business Journal
By Barbour, Tracy | Publication: Alaska Business Monthly | Filed In: Foreclosure and Banking, Lending & Credit Services
[ILLUSTRATION OMITTED] While Alaska is somewhat isolated from the rest of the country, the national economic crisis is having a psychological and real impact on the state's housing market. Since the advent of...
Business Journal
By Sheridan, Terry | Publication: Mortgage Banking | Filed In: Eviction and Real Property Law
HEADNOTE What is motivating a growing number of Americans to "strategically" default? IMAGE ILLUSTRATION 1 Almost a year ago, Gene Kessler stopped paying his $1,500 monthly mortgage bill. His home in New Ulm,...
Business Journal
By Schiavone, Louise L | Publication: Mortgage Banking | Filed In: Residential Co-Ownership and Residential Property
HEADNOTE The world knows there's a fire sale going on in American real estate. IMAGE ILLUSTRATION 1 In April 2009, the government of China opened the doors of the Beijng Hotel to Realtors®...
Business Journal
By Woodwell, Jamie | Publication: Mortgage Banking | Filed In: Multifamily Mortgages and Mortgage Loans
HEADNOTE For the commercial real estate and multifamily finance markets, the term "normal" doesn't really apply. Each new cycle brings its own dynamics. IMAGE ILLUSTRATION 1 A s the commercial/multifamily real estate finance...
Business Journal
By Dotzour, Mark G | Publication: Texas Banking | Filed In: Tax Incentives and Tax Law
HEADNOTE Although Texas future is brighter, sluggish job growth nationally will continue in 2012 One of my favorite phrases from the Federal Reserve came years ago when Chairman Bernanke stated that there "is...
Business Journal
By Robinson, Matt | Publication: Mortgage Banking | Filed In: Multifamily Mortgages and Mortgage Loans
Third-quarter delinquency rates declined for commercial and multifamily mortgages held by banks and in commercial-mortgage backed securities (CMBS), the Mortgage Bankers Association (MBA) reported on Dec. 6. Delinquency rates increased for loans held...
Business Journal
By O'Brien, Bob | Publication: Mortgage Banking | Filed In: Commercial Mortgages and Mortgage Loans
HEADNOTE A potential pause in recovery momentum is likely in 2012. However, the top 10 issues shaping the outlook spell uncertainty on several fronts. IMAGE ILLUSTRATION 1 Global commercial real estate (CRE) is...
Business Journal
By Hughes, Alan | Publication: Black Enterprise | Filed In: Subprime Lending and Banking, Lending & Credit Services
[ILLUSTRATION OMITTED] "I WAS NERVOUS. OUR CFO WAS NERVOUS," SAYS B. DOYLE MITCHELL JR., RECALLing the failure of several global financial institutions that marked the dark days of the Great Recession. "If there...
Business Journal
By Woodwell, Jamie | Publication: Mortgage Banking | Filed In: Multifamily Mortgages and Mortgage Loans
As the commercial/multifamily real estate finance market climbs out of the depths of the Great Recession, some wonder what the "new normal" will look like. But for there to be a new normal...
Business Journal

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