Lane Co., an Atlanta-based multifamily real estate company, has announced a $150 million joint venture with Mortgage Stanley Real Estate, New York, to invest in apartments, condominium conversions, and new development in major metropolitan areas in the Southeast.Bill Donges, Lane's chief executive officer, said the Southeast has "very strong" multifamily demographics. "The venture will be weighted more heavily towards apartment acquisitions and will target high-quality locations for core through value-added acquisition opportunities," he said. Lane Co. can be found on the Web at http://www.lanecompany.com.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
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Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
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Better's home equity loan product can be originated in a week or less, the company says.
April 23