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.
Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
