Prominent Investment Sales Team Joins HFF New Jersey
HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has hired the investment sales team of Jose Cruz and Kevin Hearn. Cruz and Hearn have more than 32 years of commercial real estate experience and join HFF from Cushman & Wakefield (C&W) New Jersey investment sales group.
Jose Cruz, who was an executive director of C&W investment sales group, will join HFF as a senior managing director. Since 1997, Cruz has been involved in more than $13 billion of office, industrial, retail, multi-housing and land sales. Notable sales transactions include: the $135 million, 1.3 million-square-foot Starwood retail portfolio, the $115 million Rockpoint Allegiance Office Portfolio and the $120 million sale of Mariner Waterfront in Edgewater. [Read the full article]
The government keeps promoting programs designed to help existing homeowners refinance their mortgages at a lower rate, as well as get perspective buyers into homes. In other words, Uncle Sam says he’s here to help. “Phooey,” say homeowners and prospective homeowners, who keep complaining that it is ridiculously hard to get a mortgageor refinance one. Can both sides be right? Unfortunately, yes. But if you are willing to do a bit more work than in the past, it is possible to lower your mortgage rate to 5% or arrange to buy your first home. It is clear that there is pent-up demand to do both. Seemingly qualified buyers keep telling me they can’t get a mortgage. According to Credit Suisse (cs.) and others, more than one-third of homeowners hold a 30-year conventional mortgage at 6% or higher. I will tell you what you need to do, but first we must understand what is going on in the marketplace. [Read the full article]
Fannie Mae (NYSE:FNM – News) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity Date CUSIP Redemption Date Amount Type Rate $100,000,000 MTN 6.000% July 8, 2024 3136FHL52 March 29, 2010 $75,000,000 MTN 6.000% July 8, 2024 3136FHL60 March 29, 2010
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America. [Read the full article]
Dynex Capital, Inc. (NYSE: DX – News) announced today that its Board of Directors has declared a dividend on its common stock of $0.23 per share and a dividend on its Series D 9.50% Cumulative Convertible Preferred Stock of $0.2375 per share. Both the common and preferred dividends will be payable on April 30, 2010 to shareholders of record as of March 31, 2010.
The Company also announced that the Annual Meeting of Shareholders will be held on May 12, 2010 at 9:00 A.M. PDT at the Grand Hyatt San Francisco in San Francisco, California. The record date for determining shareholders entitled to notice of and to vote at the Annual Meeting will be March 23, 2010. [Read the full article]