The Alliant Co., a Woodland Hills, Calif.-based sponsor of affordable housing tax credit partnerships, has announced the acquisition of EF&A Funding LLC for an undisclosed amount.EF&A provides debt financing to owners and operators of multifamily properties. Its origination, underwriting, and servicing business will operate as part of Alliant's multifamily finance platform. EF&A's platform has originated over $5.9 billion of multifamily mortgages since its founding in 1992 and now services a portfolio in excess of $2.8 billion, Alliant said. Alliant, the parent company of Alliant Capital, can be found online at http://www.alliantcapital.com, and EF&A can be found at http://www.efafunding.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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