Jordan Paul has been named senior managing director of the recently established Related Investment Fund, which was formed to buy distressed mortgages and property from other developers, lenders, and property owners. Mr. Paul joins the Miami-based fund from Aquila Property Co., a commercial real estate investment, management, and advisory firm he founded in 2000, according to The Related Group, a private multifamily developer that formed the fund in March with Lubert-Adler, a Philadelphia-based real estate private equity firm.
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The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.
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Also, South River Mortgage appointed Tyler Plack as its next CEO, while First American Home Warranty welcomed Jason Gritters as its chief revenue officer.
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A continuing resolution to fund the government through mid-December would prevent the White House from blocking grants — including some in the banking sector — to states and municipalities that voted against President Donald Trump.
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Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
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Besides the opportunities in build-to-rent housing for mortgage originators, credit profile of single-family rental loans should improve, Morningstar DBRS said.
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