MortgageIT Holdings Inc., New York, has filed a registration statement with the Securities and Exchange Commission for an initial public offering.MortgageIT Holdings will be the parent company of MortgageIT Inc., a New York-based mortgage banker. The units of MortgageIT include IPI Skyscraper (retail), MIT Lending (wholesale/correspondent), and MortgageIT.com. MIT Lending recently opened a subprime division, New Beginnings. MortgageIT Holdings expects to elect to take real estate investment trust status. A pair of residential lenders converting to public ownership are also taking the same route --New York Mortgage Corp., and HomeBanc Mortgage Corp., Atlanta.
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Employers who use Nayya's agentic AI platform can provide Foyer, a dedicated 401(k) for homeownership, as a benefit that helps its employees buy a home.
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The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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Lowering minimum standards and using a 2018 proposal as a basis for change may be the quickest path, according to Donald Layton, Freddie Mac's CEO from 2012 to 2019.
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The real estate investment trust declared an all-cash offer of $10.80 per share from CrossCountry superior to the fixed stock exchange ratio bid from UWM.
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In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.
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Americans who qualify for a mortgage with Better will be able to use Bitcoin or USDC as collateral to fund their down payment through a private loan.
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