Michael J. Krull has been named managing director and head of commercial mortgage-backed securities at Hypo Real Estate Capital Corp., the New York-based subsidiary of Hypo Real Estate Bank International AG, Stuttgart, Germany.Before joining Hypo Real Estate, Mr. Krull was managing director of capital markets at GE Real Estate in New York, where he led a group of 20 professionals, Hypo Real Estate said. He was previously involved in the design and implementation of GE Real Estate's commercial mortgage conduit program. From 1992 to 1997, Mr. Krull worked at Prudential Securities Inc., where he co-founded the CMBS operation.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024.
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Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
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The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said.
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March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax's latest national housing report.
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