Priority Capital Advisory, a Los Angeles-based boutique debt and equity capital advisor, has secured $18 million in senior debt financing to construct 17188 Chatsworth, a 69-unit affordable multifamily community in Granada Hills.... Read more »
Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, has acquired two Los Angeles apartment properties with plans to preserve affordability at both. They include Normandie Villas in LA’s Adams Normandie... Read more »
The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The estimated economic net worth... Read more »
The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in... Read more »
The criminal charges against the Alexander brothers are now affecting Side’s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that... Read more »
After three consecutive months of increases, homebuilder confidence plateaued in December. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady month over month at a reading of 46. The NAHB... Read more »
I’m bald. December is “toboggan time” for me. I lose them often. I rely on them like an appendage. After a few maddening minutes of searching as I’m walking out the door,... Read more »
The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second... Read more »
The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises.... Read more »
As the reverse mortgage industry prepares to say goodbye to the tumultuous year that is 2024, positive news for the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program — which... Read more »