HUD Secretary Donovan issues statement on Obama Administration's proposed FY 2010 HUD budget

National Mortgage Professional

Feb 25, 2009

Art Silberman joins Chemtov Mortgage Group MortgagePress.comArt Silberman, Chemtov Mortgage Group, Miami Beach, senior vice president of business development Art Silberman has joined Chemtov Mortgage Group (CMG) as a senior vice president of business development. He is responsible for growing CMG's residential and commercial lending divisions, focusing on loans under $10 million. Silberman will be based at CMG's Miami Beach, Fla.-based office, located at 1691 Michigan Avenue, Suite 440. He may be reached at (305)455-1800 or by e-mail at [email protected] For more information, visit www.chemtovmortgage.com.

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Feb 25, 2009

Operations

Ellington Financial Agrees To Acquire AAIC

Deal expected to close in fourth quarter of this year.

Ellington Financial Inc., a real estate investment trust that acquired a controlling interest in reverse mortgage lender Longbridge Financial LLC last year, said Tuesday it has agreed to acquire Arlington Asset Investment Corp. (AAIC). Under the terms of the merger agreemen...

Analysis and Data

Investor Home Purchases In Q1 Fell A Record 49% YOY

Redfin report finds investors pumped the brakes due to high mortgage rates, low inventory.

Real estate investors face the same issues homebuyers are dealing with in the housing market: high interest rates and low inventory. According to a report from Redfin, that resulted in real estate investors buying 48.6% fewer homes in the first quarter of 2023 than they did...