Fannie Mae reportedly cuts senior executives across business lines

GC Exchange FZE (GCEX) has named Mohammed A. Mulla as a Board Member of its Dubai based entity, part of the broader GCEX Group. GCEX operates as a Virtual Asset Service Provider (VASP) regulated by the Virtual Asset Regulatory Authority (VARA) in the UAE and is authorised as a broker-dealer. Mulla brings extensive capital markets…

Investment firm Mavik Capital Management is looking to raise capital for a new distress fund. The New York-based firm seeks to raise $1B to acquire distressed commercial real estate assets, Bloomberg reported. The money will go into a new fund called VS3 and will be invested in a range of assets, including hard assets and commercial mortgage-backed…

London estate agency group Foxtons has reported a 57% decline in pre-tax profit to £4.4m for the six months ending 30 June, as the company navigated weaker sales market conditions and the effects of the Renters’ Rights Act on its lettings business. Revenue fell 3% year-on-year to £83.7m, with sales revenue declining 13% due to…

“We would rather pay taxes upfront than pay mortgage interest.”

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