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 much for our country and…

Freddie Mac prepares to transfer risk on $2.3 billion in re-performing loans

Freddie Mac announced the pricing of its fourth seasoned credit risk transfer trust offering in 2019, a securitization of about $2.3 billion. The pool is made up of about $2.1 billion in guaranteed senior and about $229 million in unguaranteed subordinate securities backed by a pool of seasoned re-performing loans. The SCRT securitization program is…

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 apartments under construction today is…

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 past 11 years, most recently…