Author name: Ricky Vasquez

25 years after 9/11, Homes for Heroes has given nearly $200M

The 25th anniversary of the Sept. 11, 2001, terrorist attacks carries dual meaning for Homes for Heroes — remembrance of tragedy and celebration of the good that emerged from it. Founded in the aftermath of 9/11 by Minneapolis real estate professional Ruth Johnson, Homes for Heroes has returned roughly $200 million to heroes across the […]

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Vera Sung Jill Sung Confucius Plaza NYC

Lessons from 9/11: How one NYC community bank rebounded

Key insight: Twenty-five years after the Sept. 11 terrorist attacks in lower Manhattan, executives at one community bank in nearby Chinatown recall the efforts to reopen. Expert quote: “What I recall is that after 9/11, we suddenly understood the need for having a disaster-recovery plan.” — Vera Sung, board director at Abacus Federal Savings Bank

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PMT Loan Trust raises $363.6 million in prime RMBS

A pool of first-lien, fixed-rate prime mortgages will support about $363.6 million in residential mortgage-backed securities (RMBS) coming to market from the PMT Loan Trust 2026-J6. Processing Content The current transaction has the largest collateral pool that the platform has issued from all year, with 294 loans. It also has the highest percentage of conforming

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