U.S. Bank names new corporate controller

U.S. Bank named Lisa Stark as its new corporate controller in an announcement on Thursday. “Lisa is a dedicated professional who understands financial services and embodies our core values,” said Terry Dolan, vice chairman and chief financial officer of U.S. Bank. “She has contributed significantly to our success during the

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Going up: More residential skyscrapers being built

More developers are building up instead of out, a new report from RentCafe says. Since 2010, mid-rise and high-rise construction has gained in popularity, according to the report. Since the 1990s, the share of low-rise buildings decreased from 92% to 48% of structures currently being built. The share of mid-rise

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Veteran homelessness drops 2% in 2019

This year there are 793 more veterans with a roof over their heads, according to the Annual Homeless Assessment Report from the U.S. Department of Housing and Urban Development. In 2019, the number of veterans experiencing homelessness dropped by 2.1%, according to the report. “Our nation’s veterans have sacrificed so

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Mortgage delinquencies fall to 25-year low

The share of U.S. homeowners who were late paying mortgages fell to an almost 25-year low in the third quarter as a strong labor market helped borrowers pay their bills on time, the Mortgage Bankers Association said on Thursday. The delinquency rate fell to 3.97% in the third quarter, the

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An end to Fannie, Freddie conservatorship by 2022?

Fannie Mae and Freddie Mac are on the path to exit conservatorship, a step that could come as soon as 2022. Fannie and Freddie were taken into conservatorship in September 2008, with the government providing each of the GSEs with hundreds of billions of dollars in financial support in order

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Here are the best locations to have an investment property

The ideal locations for investment properties are located in the Northeast region of the U.S., a new report from TurboTenant says. New York, Pennsylvania, Massachusetts, and New Hampshire were highlighted in The Best Place to Buy Rental Investment Property report. For measure, in the first quarter this year, returns averaged

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FHA capital level is the highest since 2007

The Federal Housing Administration’s flagship Mutual Mortgage Insurance Fund is in the best condition since before the financial crisis, with capital levels at the highest level since 2007. The FHA’s annual report to Congress showed a capital ratio of 4.84%, up from 2.76% last year. That’s from a fund that

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