Posts Tagged ‘Housing’

Bellwether Enterprise Expands Affordable Housing Group

Thursday, May 21st, 2015


Cleveland (PRWEB) May 12, 2015

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), today announced that it has expanded its affordable housing group to include four new team members. The group leverages Bellwether Enterprises national lending platform to provide flexible financing resources to affordable, multifamily clients across the United States.

The newly expanded affordable housing group includes the addition of four senior vice presidents to Bellwether Enterprise: Suzie Cope, Jim Gillespie, Cindy Hannon and Jon Killough, veterans in the affordable, multifamily industry that bring over 100 years of combined experience to the firm. The new members join Bellwether Enterprises existing affordable housing production team, which includes Victor Agusta, Jesse Alfriend, Ross Halloran, Jeff Mion, Bob Morton and Kevin Bowen. As a subsidiary of Enterprise, a national organization that creates, preserves and advocates for affordable homes, Bellwether Enterprise is the countrys only mission-driven mortgage banking company and strives to create opportunity for low-and moderate income people by increasing access to affordable housing.

We are thrilled to welcome Suzie, Jim, Cindy and Jon to the team and look forward to drawing on their deep expertise in the affordable housing space, said Phil Melton, executive vice president of Bellwether Enterprise and head of the affordable housing group. Bellwether has consistently grown its affordable business in recent years and its establishment of the dedicated affordable housing group, paired with the groups quick expansion, demonstrates the firms strong commitment to affordable housing and making a positive impact in the communities in which it works.

The U.S. is in the midst of a broad housing insecurity crisis that is affecting nearly 19 million low-income families who are homeless or paying more than half of their monthly income on housing. Enterprises generational goal is to end housing insecurity, which means no more homelessness and no more families paying more than half of their income on housing. As part of the Enterprise family of companies, Bellwether Enterprise is committed to tapping its experience and nationwide network to help achieve this goal. For more information on Bellwether Enterprises services, visit us at: http://www.BellwetherEnterprise.com.

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Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company. As a subsidiary of Enterprise Community Investment, Bellwether Enterprise has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs. Bellwether Enterprise provides loans for a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a direct Special Fannie Mae Delegated Underwriting and Servicing (DUS

Quantifying Student Debt In The Housing Market

Wednesday, October 15th, 2014


Chicago, IL (PRWEB) October 05, 2014

Peoples Home Equity, a Midwest based lender, has long known that first-time home buyer activity is at the mercy of student loan debt and jobs. While the labor market has improved, showing just a relatively low 5.9%, student debt remains a large issue. Thus, Peoples Home Equity was intrigued by a recent release that attempts to quantity how much the housing industry is suffered due to high student debt.

The release is titled Student Loans Will Cost The Industry $ 83 Billion This Year and was distributed by John Burns Real Estate Consulting, LLC on September 19th. This $ 83 billion figure translates into 414,000 home sales lost out of the forecasted 5.26 million new and existing housing transactions for 2014.

The consulting group highlighted in their 30-page report that 5.9 million households under the age of 40 pay over $ 250 in student loans per month compared to just 2.2 million back in 2005. A $ 250/month student loan payment translates into at least $ 44,000 per year in mortgage capability per household. Thus, only About 8% of the 2039 age cohort usually buys a home each year, which would be 1.35 million transactions per year. Reading this certainly emphasizes how much the student debt market is growing exponentially for the worse. Student debt has ballooned from $ 241 billion to $ 1.1 trillion in just 11 years.

Some officers at Peoples Home Equity view this current student debt situation as a tragedy of profit motive. American colleges and universities are draining the funds out of its own youth before it can reach the housing market. This effects lenders, home builders, architects, carpenters, etc Its hard not to blame disappointing weekly home sales and mortgage application data on the immense size of student loan debt in a year when Peoples Home Equity was hoping to see summer sales outperform those of 2013. The reality is home sales would have been stronger this summer had more mortgage applicants been approved by showing less debt on their submissions.

Peoples Home Equity loan officers understand the worries that some prospective borrowers have in taking on the responsibility of another large debt obligation. However, obtaining a home loan can actually be cost saving! Monthly payments for a mortgage are often less costly than paying for rent! If interested in applying for a home loan considering speaking to a Peoples Home Equity loan officer today at: 262-563-4026.







CREA Housing Market Report 2nd ed. 2014 / Rapport sur le marché du logement de l’ACI 2e édt. 2014

Thursday, October 2nd, 2014

CREA Housing Market Report 2nd ed. 2014 / Rapport sur le marché du logement de l'ACI 2e édt. 2014

Canadian home sales little changed in February Ottawa, ON, March 17, 2014 – According to statistics released today by The Canadian Real Estate Association (C…
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Housing Crisis 2.0 Coming Soon Thanks To Wall Street

Thursday, July 10th, 2014

Housing and consumer activists warn that Wall Street is about to crash the housing market — again. The activists said they are particularly concerned about…

http://www.omarzambrano.com 1-800-562-0004 Attorney Omar Zambrano can be reached immediately for a Free Consultation! As communities have formed in Pico Rive…
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Next Generation of Housing Analytics Launched with SmartCharts from RBI

Tuesday, July 1st, 2014


Rockville, MD (PRWEB) June 26, 2014

MRIS, the industry-leading Mid-Atlantic Multiple Listing Service (MLS) that facilitates nearly $ 125 million a day in real estate transactions, announced today that its subsidiary, RealEstate Business Intelligence (RBI), has launched its new market information platform, SmartCharts, and expanded its rbiEXPERT premium version as SmartCharts Pro.

SmartCharts are created from the most accurate housing data available MLS data, and are delivered in simple, easy-to-understand charts and reports. In addition to the slick new look and feel, RBI has added many new features to help Mid-Atlantic region real estate professionals understand their market inside out, including: