Tampa–Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.

He talks to MHN about the trend of distressed deals and how QualityFirst Commercial helps developers through the process of foreclosure.

Columbus, Ohio–Red Mortgage Capital, LLC, the mortgage banking arm of comprehensive capital provider, Red Capital Group, recently closed a $136 million-plus transaction on a pool of 11 assets located across 10 states nationwide.

Washington, D.C.–The U.S. Department of Housing and Urban Development (HUD) is making $189 million in grants available to transform public and assisted housing and to revitalize communities.

New York–Multifamily starts have hovered in the 100,000 to 142,000-range for all of this year, which isn’t saying anything positive about the multifamily sector.

Washington, D.C.–The first time homebuyer tax credit expired in May, and as expected, existing-home sales were sharply down in July, according to the National Association of Realtors.

New York–In an indication that the REIT industry is faring somewhat better than real estate as a whole, total compensation levels within the REIT realm, including multifamily specialists, increased in 2009 by a median of 3 percent to 15 percent, depending on employee level.

Twenty-seven percent of renters have absolutely no plans of ever becoming homebuyers.

Houston–The goal of the Impact Challenge initiative is to collect 20,000 pounds of non-perishable food and $20,000 earmarked for clean drinking water.

Armand E. Brachman talks to MHN about Dominium’s acquisition strategy and how development has taken a back seat in the firm’s growth plans in recent years.