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HUD moves to eliminate multifamily green-energy incentive

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The Federal Housing Administration announced plans to introduce an across-the-board multifamily mortgage insurance premium that would eliminate incentives to adopt energy-efficiency standards.  The Department of Housing and Urban Development proposed to level premiums to 25 basis points for all loans originated in multifamily programs administered by the FHA, a first step in eliminating what it […]

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Guild LOs bombarded by recruiters after $1.3B deal news

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Guild Mortgage finalizing a deal to go private via a $1.3 billion acquisition by Bayview Asset Management piqued the attention of some recruiters. Inquiries to Guild’s originator talent are coming in, the firm’s originators and industry stakeholders claim. “I can confirm the phone is ringing off the hook with recruiters,” Geoff Black, originator at Guild,

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Zohran Mamdani at an event the night he won the New York City mayoral democratic primary.

What a Mamdani mayoral win in NYC could mean for banks

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New York City mayoral candidate Zohran Mamdani’s primary win has banks with high exposures to rent-regulated real estate on edge. Mamdani, who has vowed to freeze rents on rent-stabilized apartments if he’s elected mayor, won over New Yorkers during the Democratic primary as their city’s housing market grows more expensive and competitive. The primary results

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