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...
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...
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...
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...
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...
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...
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...
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,...
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...
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,...
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...
[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...
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,...
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®...
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...
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...
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...
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...
[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...
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...