CWCapital, Boston, a national multifamily and healthcare real estate lender, has named David Lundin senior vice president and production manager for its Northeast FHA lending unit. Lundin is a 20 year industry veteran who has underwritten in excess of $500 million of HUD insured loans, the company said. Lundin, who began his career at the Department of Housing and Urban Development in Boston, is an approved underwriter for refinance and construction financing of multifamily properties under the MAP program. CWCapital has closed over $11.5 billion in loans since 2002, and currently services a portfolio of $11.6 billion in loans in 48 states.
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The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
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Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
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The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
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HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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