!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Cambridge & Counties Bank has made two hires to its real estate finance team, appointing Ian Tudor and Mohinder Parmar as senior business development managers (BDMs). Tudor joins from Redwood Bank, where he was a regional BDM for four years, working across the South region. He supported brokers with semi-commercial, buy-to-let (BTL), and house…
If you’ve been waiting for lower mortgage rates, today just might be your day. The average interest rate on a 30-year, fixed-rate mortgage dropped to 6.59% APR, according to rates provided to NerdWallet by Zillow. This is 11 basis points lower than yesterday and two basis points lower than a week ago. (See our chart…
New York City’s office-to-residential conversion wave hit another snag less than a month after columns buckled during an apartment transformation project at the former Pfizer headquarters in Midtown. Construction was halted last week by New York City’s Department of Buildings (DOB) at 222 Broadway in the Financial District, where GFP Real Estate is converting the…
Penetration of the VantageScore 4.0 model into the mortgage market has continued to increase, helped by a July spike, but still remains comparatively low, a Keefe, Bruyette & Woods report found. Processing Content Furthermore, the primary users of VantageScore so far are the two largest mortgage companies in business, United Wholesale Mortgage and Rocket. In…
United Therapeutics chairperson & CEO sells $4.7m in stock
The Financial Services Tribunal (FST), which issued its reasons for decision on June 25, heard evidence that between mid-2021 and April 2022, Asnafi submitted 30 mortgage applications to lender CMLS Financial through his authorising brokerage, Real Mortgage Associates Inc. Of the 24 applications examined by FSRA investigators, 18 were found to be supported by fraudulent…