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Sales of Previously Owned US Homes Rose in December (Correct)
At Regions Financial Corp. in Birmingham, Alabama, mortgage production fell last year even as overall lending increased $4.5 billion, about 8 percent, as people took advantage of low interest rates earlier in 2013. “Consumer balance sheets are

Greystone Opens Birmingham, Alabama Office to Serve Lending Demand in ...
NEW YORK — Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced that it has expanded its footprint in the Southern U.S. with the opening of a new office in Birmingham, Alabama. Under the guidance of 

Greystone real estate lender opens Birmingham-area office
BIRMINGHAM, Alabama – New York-based Greystone has established a Birmingham-area office for its apartment and healthcare mortgage loan operations. Greystone said the new office will give the company an expanded footprint in the South and 

Timothy Ladin Joins DailyDAC LLC
DailyDAC ( provides subscribers, most of whom are private equity and family office professionals, with actionable intelligence regarding opportunities to purchase and invest in private companies. Financial Poise (http://www

Commercial Mortgage Loans in BIRMINGHAM, ALABAMA Find and compare hundreds commercial mortgage loans in BIRMINGHAM, ALABAMA. LendingUniverse - Real Estate Brokers ...

Tax Law Could Hurt Jumbo Mortgages

In the wake of the housing crisis, it became significantly harder to get a jumbo mortgage due to the risk factors involved. Jumbo mortgages have been making a comeback since then, but they now face a different style of threat disincentives for high-end homeownership created by the recently enacted Tax Cuts and Jobs Act.

A jumbo mortgage refers to a loan that is beyond the " conforming loan " limits of the Federal Housing Finance Agency (FHFA). Loans beyond these limits are considered to be too risky to be guaranteed by Fannie Mae or Freddie Mac, the backing agencies under the supervision of the FHFA. They often come with other safeguards in the terms to limit risk to the lender.

Throughout most of the U.S. (approximately 93% of the 3,143 counties in the U.S.), the jumbo loan threshold value is $424,100. However, certain counties in areas with high housing costs have considerably higher limits for a jumbo loan. In high-dollar markets such as New York City and San Francisco, the threshold is $636,150 and most of Hawaii has a threshold beyond that mark.

CORRECTED-Al Rayan Bank plans 250 mln pound mortgage-backed sukuk

(Corrects reference to Al Rayan Bank in paragraph 2)

SYDNEY, Jan 30 (Reuters) - Birmingham-based Al Rayan Bank has mandated banks to raise 250 million pounds ($352 million) via Islamic bonds, or sukuk, using a residential mortgage-backed securitisation, the sharia-compliant lender said.

Al Rayan has appointed Standard Chartered and itself to arrange investor meetings ahead of what would be its debut sukuk and one of the first such transactions in Britain.

The proposed sukuk from Al Rayan, owned by Qatar’s Masraf Al Rayan, would help fund its ongoing efforts to expand into commercial real estate, private banking and financing for small- and medium-sized businesses.

Rating agency Moody’s has assigned a provisional Aaa rating to the sukuk, which would consist of a portfolio of first lien Home Purchase Plans secured by residential properties, with a current pool balance of approximately 300 million pounds.