Frank Pallotta, a former Morgan Stanley mortgage origination executive, has become chief executive officer and owner of his own company, Steel Curtain Capital Group LLC, Mahwah, N.J. Mr. Pallotta was previously a managing director in Morgan Stanley's fixed-income division. He said his new company specializes in distressed/real estate-owned assets.
While FHFA reported a year-over-year increase in national home values in November, the Case-Shiller HPI saw flat annual growth as well as monthly decreases.
Founding partner Bob Lyons will help ensure continuity. Frank Pallotta and Kathleen Koprowski will lead an advisory board for the auditing and consulting firm.
State regulators say proposed changes by the Federal Reserve that would make state bank examiners the primary boots on the ground will make bank examinations faster, but could cause some issues to go overlooked.
Roughly 40,000 home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract,according to a report from Redfin.
A mortgage insurance premium deduction in Maine would come after the reintroduction of a similar federal policy, which took effect with the 2026 tax year.
The regulator, in an audit with the Department of Homeland Security, found almost 6,000 ineligible non-American tenants in the units it supports.
