Month: July 2013
BofA Merrill Lynch funding Skid Row development
Bank of America Merrill Lynch is working to get more Americans off Skid Row. The investment bank provided more than $1.6 billion in loans, tax credit equity investments and other real estate development solutions in the first half of 2013 via its Community Development Banking business.
Foreclosures Rise in June, But See Big Drop for Year
Completed foreclosures rose 2.5 percent in June from May, CoreLogic reported Tuesday. Its report follows another recent one from Lending Processing Services that showed nearly a 10 percent rise in the national delinquency rate in June compared to May. About 1 million homes are in the foreclosure inventory as of June, CoreLogic reports. That does mark a 28 percent decrease in the foreclosure inventory compared to last year. Forty-nine states reported a year-over-year decline in foreclosure rates in June. “The […]
Multifamily originations are on the rise
Commercial and multifamily mortgage origination volumes during the second quarter of 2013 rose 36% from the first quarter of 2013 and jumped 7% year-over-year, the Mortgage Bankers Association said. “Commercial and multifamily mortgage lending and borrowing continued to grow during the second quarter,” said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. “The apartment market continues to be the belle of the ball, with multifamily mortgage originations running 31% ahead of last year’s first half total. And after […]
West Hartford Gay Realtor Daniel | Coldwell Banker Residential Brokerage
Purchasing or selling a home is often the largest financial transaction you will make. Whether you are a buyer or a seller, you need the very best in professional representation. Listening to your needs and desires, providing you with regular updates and being available when you need assistance are just a few of the benefits of working with a professional full-time Realtor. Repeat clients and regular referrals are testament to the high level of service I provide. I look forward […]
Loan Demand Eases, Even as Rates Hold Steady
Mortgage applications dropped 3.6 percent last week compared to the prior week, as mortgage rates mostly held steady, the Mortgage Bankers Association reports. ‘A recent run-up in interest rates has curbed some individuals’ appetite to buy a new home and reduced the appeal of mortgage refinancing, while mortgage rates have steadied somewhat after a torrid increase this summer, The Wall Street Journal reports. The refinance index dropped 3.8 percent last week, mostly attributed to a big drop in the government […]
American Homes 4 Rent Plans $794M IPO
Real estate-related initial public offerings have been popular the last year. The latest to hit the stage: American Homes 4 Rent, a real estate investment trust based in Malibu, Calif., plans to raise up to $794.1 million for an IPO. That would be the largest for a company specializing in single-family rentals.
Maui Gay Realtor Jim | Coldwell Banker Island Properties
My partner of 32 years, Leon, and I moved to Maui 22 years ago. Prior to that, I had lived in Europe where I worked for a large international ad agency. Maui was home from the minute I arrived and I’ve love every minute. I’m a form President of the Board and Realtor of the Year. currently, in addition to being a top producing agent, I am the Broker in Charge at Coldwell Banker’s Award* winning Shops at Wailea Office. […]