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Expanding Non-Bank Mortgage Institutions and REITs

first_img The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Expanding Non-Bank Mortgage Institutions and REITs Tagged with: Bank Finance Non-Bank REIT February 4, 2020 1,796 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img in Daily Dose, Featured, News, Secondary Market As the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and real-estate investment trusts (REIT), Wall Street Journal reports.“It’s time to make the system reflect the market that it serves,” said Pete Mills, SVP of residential policy at the Mortgage Bankers Association on WSJ.While some have questioned if nonbanks like REITs should have access to taxpayer-subsidized funding, according to John von Seggern, President of the Council of Federal Home Loan Banks, having big clients gives the system the financial clout it needs to support smaller banks.“We have access to world-wide markets because the big banks give us a lot of volume,” he told WSJ. “We’re able to then take that favorable funding that we get and we’re able to lend it to all of our members, big and small, at the same rate.”Some suggest that REITs make up an optimal backbone for the mortgage market, leveraging less risk than before the financial crisis and able to quickly raise and deploy money when they see an opportunity.“Real estate is protected from volatility by factors like location, scarcity, and plot size,” NuWire states. “But unlike tangible property, which is expensive to buy and tough to sell, REITs can be traded on many investing apps. Because they come in single shares, even low-budget investors can diversify their REIT holdings.”According to WSJ, the proposed expansion of home-loan banks and REITs would run counter to the plan to privatize Fannie Mae and Freddie Mac.“While Fannie and Freddie buy mortgage loans and package them into securities, the Federal Home Loan Banks play a different role in housing finance: channeling money from global bond markets to thousands of institutions across the U.S.,” said WSJ. Previous: FEMA Funding $2M Wildfire Mitigation Program in California Next: Housing Market Could Stave Off Potential Recession The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Expanding Non-Bank Mortgage Institutions and REITs Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Bank Finance Non-Bank REIT 2020-02-04 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

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Who Is The Best Veterinarian on Long Island?

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Pets dread their trips to the vet, so when it’s time to take them in for a checkup or to treat an ailment, only the best will do for Fido or Fluffy.The public voted Dr. Michael Funk, DVM – Levittown Animal Hospital the Best Veterinarian on Long Island in the 2018 Bethpage Best of Long Island competition for the fourth year in a row. Dr. Michael Funk of Levittown Animal Hospital, a graduate of Michigan State University, understands the special connection between a person and his or her pet and aims to provide each and every animal that enters his office with outstanding medical care. It’s no wonder he’s been voted the Best on Long Island again!To find all the other 2017 Best of Long Island contest winners, visit bestoflongisland.com Winners of the 2018 contest will be announced in February. Nominate your favorite businesses and people in the 2019 Best of Long Island program starting Jan. 1.Dr. Michael Funk, DVM – Levittown Animal Hospital is located at 2703 Hempstead Tpke. in Levittown. He can be reached at 516-252-3540 or levittownvet.comlast_img read more