#capital-markets

#capital-markets

With so much going on in the city's thriving ecosystem, it is easy to miss some of the happenings in the space.We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 4/29 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Constrafor, Chiefy, Axoni, and much, much more.

Executives from both government-sponsored enterprises (GSEs) participated in a session on Tuesday morning during the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference and Expo in New York.I totally understand where the question is coming from.But I don't think this is really a question about the process.

(Illustration by Priyanka Modi for The Real Deal with Getty) Double-digit rent increases in Orange County have hit the wall.Rent hikes as steep as 30 percent in OC since 2020 have plateaued, with average apartment rents sliding 2.5 percent over the last four months to $2,540 per month, the Orange County Business Journal reported, citing CoStar.

, a leading digital closing platform for the mortgage industry, has announced a new integration with Finastra's Mortgagebot loan origination system (LOS) to support Trustmark 's eClose transformation.With this integration, Trustmark's lenders nationwide can execute closings in a centralized workflow to drive faster closing times, reduce operating costs and enhance the borrower experience.

Fannie Mae announced on Monday that it has executed two new Credit Insurance Risk Transfer (CIRT) deals: CIRT 2023-2 and CIRT 2023-3.The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market.

Today marks the last day to nominate someone for the 2023 HW Finance Leaders award.Don't miss the chance to recognize the top finance executive at your organization!Eligible nominees must be corporate finance, capital markets, or accounting executives within mortgage origination or a real estate brokerage and will be selected based off of financial management, strategic thinking and contribution to their organization.

"That [the Justices] believe this decision changes nothing is entirely irrelevant.This decision, because of the evidence, clearly ushers in a cataclysmic shift in the law of enablement."Earlier today, the United States Supreme Court issued its decision in Amgen, Inc. v. Sanofi et al.The Court held, as many feared they would, that the 26 antibody examples and detailed instructions for generating additional antibodies within the genus-which covered some 400 pages and included a CD Rom of the x-ray crystallography coordinates of Amgen's "anchor" (or lead) antibodies 21B12 (Repatha) and 31H4-was insufficient to satisfy the enablement requirement.

Fannie Maehas projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession - primarily due to the combination of tighter lending standards by small- and mid-sized regional banks.The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae's Economic and Strategic Research (ESR) Group said.

Days after buying the 30-acre Freedom Center printing site, Bally's has sold the land to a Chicago real estate investment firm, leasing it back for 99 years and raising up to $500 million to help build its proposed $1.74 billion Chicago casino complex.Oak Street Real Estate Capital acquired the River West property Monday for $200 million in the sale-leaseback deal, with a commitment to provide up to $300 million more in additional funding to develop the casino.

Boston condo for sale fact: The appraisal report in a home purchase can make or break a sale.All lenders will require that a licensed appraiser determine the property value.The appraiser--who works independently and is not on staff at the bank--studies recent comparable sales in the neighborhood and makes adjustments for stuff like number of bedrooms, bathrooms, parking and kitchen/bath finishes.