Eastern Mortgage Capital, Boston, is providing $3.27 million in permanent financing for a 75-unit apartment building for seniors in Chicago. Eastern Mortgage, a division of Eastern Bank, funded the commercial loan under the Federal Housing Administration's 223(f) insurance program. The apartment building, known as the MooGoong Terrace project, was originally built in 1983 and has 51,960 square feet of space.
On a day when the 10-year Treasury hit levels last seen in 2007, the Community Home Lenders of America celebrated an X post by Bill Pulte on increased MBS buys.
The Interlock group allegedly seized over 2 terabytes of data from NFM Lending, including its Encompass data, employee files and other internal information.
Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
