 (1).gif)
News:
Finance
Posted: July 11, 2008
NE Moves recognized as the top producing lender of MassHousing
NE Moves Mortgage, LLC was recognized as the top producing lender of MassHousing first mortgages through both the MassAdvantage and Fannie Mae MyCommunity loan programs at the MassHousing's annual Home Ownership Awards Ceremony.
The annual event recognizes MassHousing lending partners for their excellence in promoting and originating the agency's affordable mortgage and mortgage insurance products. NE Moves originated 168 MassAdvantage loans worth $32.7 million and 126 MyCommunity loans worth $27.1 million, for a combined total of 294 loans worth $59.8 million.
NE Moves Mortgage also received a special achievement award for being a top producer of mortgages to lower-income homebuyers.
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
 (1).gif)
Quick Hits
Columns and Thought Leadership
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
