Morrison & Foerster LLP has announced the addition of Yaacov M. Gross, a senior corporate finance attorney it termed a "pioneer" in the real estate investment trust market, as a partner in its New York office.Mr. Gross, whose practice is international and spans multiple industries, has in recent years focused primarily on real estate financing and REIT transactions, the firm said. He joins Morrison & Foerster from Wilkie, Farr and Gallagher LLP in New York, where he was a founder of that firm's real estate securities practice. "In addition to representing some of the industry's largest REITs from inception, he has been at the forefront of financing, capital formation, and merger & acquisition transactions involving REITs and other real estate-related ventures," said Karen Hagberg, managing partner of Morrison & Foerster's New York office.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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