Jay Catalfamo has been promoted to vice president of multifamily business operations and division controller at Freddie Mac.Mr. Catalfamo, a veteran of 17 years at Freddie Mac, will fill a vacancy created by the transfer of the division's previous controller, Vic O'Laughlen, to the Financial Accounting and Control Division to assist in Freddie Mac's financial restatements. The government-sponsored enterprise said Mr. Catalfamo will be responsible for managing the financial operations of its Multifamily Division and for overseeing multifamily portfolio accounting and financial and management reporting, among other things.
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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
June 23 -
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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