Drew Fung has been named head of U.S. high-yield debt investments at RREEF, the New York-based real estate arm of Deutsche Asset Management, Deutsche Bank's global investment management business.Mr. Fung most recently oversaw subordinate debt production at CWCapital, and before that he was employed by Lend Lease. RREEF said the firm's high-yield debt investment team will specialize in a wide variety of structured investment options, such as mezzanine, B-notes, preferred equity, and bridge loans. RREEF also announced that Thanh Bui has joined the team as a vice president, reporting to Mr. Fung. She will help lead production efforts for the group. Deutsche Bank can be found online at http://www.db.com.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
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