MBA and FBI promote Mortgage Fraud Warning Notice

Jun 11, 2007

Greystone Servicing Corporation announces multifamily loanMortgagePress.comMultifamily loan origination Greystone Servicing Corporation Inc. has launched its GreyStoneExpress Multifamily loan product, which ranges from $400,000 to $2.4 million. Multifamily rental properties containing five or more units are eligible collateral for the loan, with balloon loan terms of 10 years on 30-year amortization periods and an average closing time of 40 to 50 days. Warrenton, Va.-based Greystone Servicing Corporation Inc. is a national lender specializing in commercial, multifamily and healthcare facility loans. For more information, call (800) 355-1472 or visit www.greyco.com.

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Jun 11, 2007

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...