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Construction project finance plays a crucial, time-sensitive role in residential construction, helping contractors, remodelers, and builders access funding draws throughout a project’s lifecycle. Historically, however, the process has been inefficient, requiring lengthy review and approval timelines that cause delays and take attention and manpower away from other important tasks.  “It’s just one of the most […]

Fannie Mae has reported a jump in its retained portfolio size that investment professionals at Rithm have recently noted is the largest seen since the Great Financial Crisis. Processing Content The government-sponsored enterprise retained a combination of loans and mortgage-backed securities totaling nearly $168.74 billion in March, up considerably from the previous month’s $150.39 billion.

A bank is fighting the Federal Reserve Board of Governors to roll out a loan program involving real estate purchases that the lender says it needs to compete with local independent mortgage banks.  Processing Content Upstate New York-based Canandaigua National Corp. is contesting the Fed Board’s decision in the 2nd U.S. Circuit Court of Appeals,