GSE loan turnover has fallen, but signs of early distress are emerging

It’s only been six times in seven months in October for the Fannie Mae and Freddie Mac loan sponsorsbut there are signs of borrower distress from the beginning. Completed foreclosure actions on loans held by the government to support development decreased 10% to 18,833 in October from 20,885 the month before, according to the Federal … Read more

The era of cheap credit is just getting started.

Credit losses in the $1.4 trillion U.S. mortgage market are starting to fall as the Federal Reserve’s rate hikes threaten companies clinging to cheap debt. Companies that do not qualify as investments, perhaps because of high debt or bad history, rushed to make special loans in the last decade, causing the rise of sector to … Read more

FeganScott Managing Partner Elizabeth Fegan has been recognized as an Illinois Super Lawyer and named one of the State’s 50 Best Women Lawyers.

CHICAGO, January 24, 2023–(GOOD BUSINESS)–FeganScott is proud to announce that Managing Partner Elizabeth Fegan has been named a 2023 Illinois Super Lawyer. The award, given by the professional service, Super Lawyer ®, only the top 5% of lawyers in each state. Fegan has also been recognized as one of the Top 50 Women Super Lawyers … Read more

FeganScott Managing Partner Elizabeth Fegan has been recognized as an Illinois Super Lawyer and named one of the State’s 50 Best Women Lawyers.

CHICAGO–(GOOD BUSINESS)–FeganScott is proud to announce that Managing Partner Elizabeth Fegan has been named a 2023 Illinois Super Lawyer. The award, given by the professional service, Super Lawyer ®, only the top 5% of lawyers in each state. Fegan has also been recognized as one of the Top 50 Women Super Lawyers in Illinois, selected … Read more

Everest hires ex-Zurich executive to lead financial lines – Business Insurance

Everest Insurance, Everest Re Group Ltd.’s primary insurance division, said Tuesday it has named the former Zurich Insurance Group head of financial lines. Timothy Powell, based in London, succeeds Christian Colombera, who will be managing director of Australia & head of the Pacific region, pending regulatory approval, Everest said in a statement. . Mr. will … Read more

Attorney General Merrick B. Garland issued a statement on the lawsuit against Google for controlling digital advertising technology.

Good afternoon. Unfortunately, I will begin my speech today as I did yesterday: to convey my condolences to the families who were affected by another terrible attack in our country. All of us at the Department of Justice, including the FBI and ATF, will continue to support the Half Moon Bay community in the difficult … Read more

Colorado Attorney General weighs in on Google antitrust lawsuit

SharingShare the Article via FacebookShare the Article via TwitterShare Content via LinkedInShare the Story via email Colorado Attorney General Phil Weiser joins ‘Closing Bell’ to discuss the lawsuit facing Google over the delivery of ads, Google’s antitrust practices, and restoring competition in the advertising market.

Long Beach Development Loan $6.1M for Affordable Housing

Holos Community’ Cristian Ahumada, Jamboree Housing Laura Archuleta (Holos Communities, Jamboree Housing, Getty) The City of Long Beach has loaned a combined $6.1 million to two developers to build 192 mixed-use commercial buildings and apartments, mostly for the homeless. . The city and its nonprofit, the Long Beach Community Investment Company, cleared the loans for … Read more