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NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment

Housing Wire

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. Targeting a 10% CET1 ratio, the bank cut its quarterly dividend from $0.17

Equity 339
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Announcing the 2023 HW Insiders!

Housing Wire

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Compass Appoints Dawanna Williams, Founder and Managing Principal of Dabar Development Partners, to Board of Directors

Realty Biz

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity. .”

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Agency MBS market is facing a supply-side threat

Housing Wire

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. Agency MBS trading activity also “dwarfs the other segments of the market, with $288 billion of daily trading volume,” according to a recent report from the Federal Reserve Bank of New York.

Marketing 377
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Ask RK: 3 strategies to create a tax-deductible mortgage in Canada

Zolo

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . Property A is our principal residence; property B is an investment property. The plan is to take out a mortgage on property C and move into this property as our new principal residence.

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Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop

Housing Wire

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. Two of the nation’s largest banks, JPMorgan Chase and Wells Fargo & Co.

Principal 377
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How to Profit From Rising Interest Rates in 2023?

Marco Santarelli

Real estate can also be attractive because rising rates can be a sign of a healthy economy, which can lead to increased demand for commercial and residential properties. Many online banks and credit unions offer competitive rates on savings accounts and CDs, often with lower fees than traditional brick-and-mortar banks.