Kevin Lee, 55, Fort Lee charged and prosecuted Seung Y. Lee (also known as Kevin Lee), 55, of Fort Lee, New Jersey—who operated Pinnacle Capital—was charged and prosecuted in federal court. The case concluded with his sentencing in the U.S. District Court for the Eastern District of New York: The Charges & Scheme: Lee ran a bank fraud scheme where his company submitted hundreds of...
Trump Signs Executive Order for 'Housing Cost Reduction' to Win Public Sentiment Ahead of Midterms On the 22nd, President Donald Trump signed an executive order aimed at reducing housing costs, which includes easing the burden of mortgage insurance premiums and expanding the supply of prefabricated homes. Through this executive order, President Trump directed the Federal Housing Finance Agency...
Immigration Raids Hit Housing Market The summer surge in federal immigration raids is hitting the housing market, pushing up labor costs and freezing projects. Nearly two-thirds of builders said immigration enforcement is affecting their labor force, up from 23% in March and 13% a year ago, according to a September John Burns Research & Consulting survey. A September survey from the NAHB found...
Elevated 10-Year U.S. Treasury Yields 1) Direct Correlation: Mortgage rates (especially 30-year fixed rates) track the 10-Year U.S. Treasury yield far more closely than they track short-term central bank benchmark rates(Federal Fund Rate: FFR) Baseline costs * FFR – controlled by The Fed directly. * 10 Y Treasury Yields – controlled by open market, based on future economic...
Property Management & Law 1)Objectives of Property Management - To attain the highest possible net return for the property owner. To protect his capital investment at all times. 2) Specialized Fields (Apartment complex, Retails, Office buildings, Hotels, Shopping centers,Industrial parks, Theaters, Restaurants, Hospitals, etc) Qualifying and investigating tenant’s credit....
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