Housing

KKR Acquires Merchants Mortgage Trust & Corporation

Retrieved on: 
Wednesday, January 19, 2022 - 9:15pm

KKR, a leading global investment firm, today announced that KKR has acquired Merchants Mortgage Trust & Corporation, LLC (MMTC or the Company), a real estate lending platform specializing in short-term mortgage products for experienced individual residential real estate investors.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR has acquired Merchants Mortgage Trust & Corporation, LLC (MMTC or the Company), a real estate lending platform specializing in short-term mortgage products for experienced individual residential real estate investors.
  • Merchants Mortgage & Trust Company, LLC is a real estate finance company that originates and finances residential mortgages primarily to private investors purchasing 1 to 4 family homes.
  • Founded in 1961 and headquartered in Denver, Colorado, Merchants primarily operates in growing markets in the western United States.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.

Discover Financial Services Reports Fourth Quarter 2021 Net Income of $1.1 Billion or $3.64 Per Diluted Share and Full Year Net Income of $5.4 Billion or $17.83 Per Diluted Share

Retrieved on: 
Wednesday, January 19, 2022 - 9:20pm

Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.64 per diluted share for the fourth quarter of 2021, as compared to a net income of $799 million or $2.59 per diluted share for the fourth quarter of 2020.

Key Points: 
  • Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.64 per diluted share for the fourth quarter of 2021, as compared to a net income of $799 million or $2.59 per diluted share for the fourth quarter of 2020.
  • For the full year 2021, net income was $5.4 billion or $17.83 per diluted share, compared to $1.1 billion or $3.60 per diluted share for the full year 2020.
  • The fourth quarter of 2021 included a $39 million reserve release, compared to no change in reserves in the fourth quarter of 2020.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

More Than a Master-Planned Community, Developers of 1,800-Acre Shoop Ranch to Create a City Hub for New Fairview Residents

Retrieved on: 
Wednesday, January 19, 2022 - 6:36pm

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220119005944/en/
    Rockhill Capital & Investments announces Shoop Ranch, an 1,807-acre development in New Fairview, Texas, with plans for 5,000+ residences, commercial, retail, city center and more.
  • It has been a pleasure working with Rockhill for the last year to create something everyone can be proud of and enjoy.
  • We look forward to welcoming new residents and businesses to New Fairview and encouraging them to get involved and know their neighbors.
  • Shoop Ranch is within both Wise County and Denton County and in both Northwest ISD and Decatur ISD school districts.

Dole Affiliate Receives Social Responsibility in Action Award in Costa Rica

Retrieved on: 
Wednesday, January 19, 2022 - 9:58pm

The American-Costa Rican Chamber of Commerce (AmCham) recognized Dole through its daughter company, Standard Fruit Company de Costa Rica S.A., with the Social Responsibility in Action Award in the Employees Category for their project "De la Mano con Dole" which loosely translates to "Hand-in-Hand with Dole".

Key Points: 
  • The American-Costa Rican Chamber of Commerce (AmCham) recognized Dole through its daughter company, Standard Fruit Company de Costa Rica S.A., with the Social Responsibility in Action Award in the Employees Category for their project "De la Mano con Dole" which loosely translates to "Hand-in-Hand with Dole".
  • This year marks the 25th anniversary of the award which was given December 8, 2021.
  • Dole is the first agribusiness company in the world to apply the bMPI methodology to address the challenges of social development.
  • In 2020, Dole introduced its three-pillared Sustainability Framework, The Dole Way , and its ongoing commitment For Food, For Nature and For People.

Cooley Expands Financial Services Capabilities With Top Litigation Team

Retrieved on: 
Wednesday, January 19, 2022 - 6:45pm

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Michelles focus on defending providers of consumer financial services in supervisory and enforcement matters, paired with the teams deep history of working with banks, nonbank financial services providers and fintech companies, will contribute meaningfully to our mission of strategically enhancing our best-in-class financial services and government enforcement practice, added Obrea Poindexter , who co-chairs Cooleys financial services regulatory practice alongside Sean Ruff .
  • Rogers has been recognized by Chambers USA for Nationwide Financial Service Regulation: Banking (Enforcement & Investigations), and Legal 500 for Financial Services: Litigation, Financial Services: Regulation, Fintech and Cyber Law.
  • I am excited to join this fantastic team to expand its enforcement and litigation capabilities, further solidifying Cooleys place as a destination for regulatory, enforcement and litigation support for financial services providers.
  • Halliday represents financial services industry clients in a wide range of litigation matters, including class actions, government enforcement matters, regulatory examinations and internal investigations.

Habi Acquires Mexico’s Marketplace Propiedades.com and Broker, iBuyer Tu Canton, Consolidating its Position as Spanish-LatAm’s Leading Real Estate Technology Company

Retrieved on: 
Wednesday, January 19, 2022 - 6:30pm

Habi , the data-driven residential platform, today announced the acquisition of OKOL, the parent company of Mexican marketplace Propiedades.com and the broker and iBuyer Tu Canton .

Key Points: 
  • Habi , the data-driven residential platform, today announced the acquisition of OKOL, the parent company of Mexican marketplace Propiedades.com and the broker and iBuyer Tu Canton .
  • The strategic investment secures Habis position as the leading real estate technology company in Spanish-speaking Latin America, and accelerates its move into Mexico.
  • Propiedades.com brings technological infrastructure and data centralization to residential real estate in Mexico to make buying, selling and comparing homes easier.
  • Founded in 2019, Habi is a data-driven real estate company that is streamlining the traditionally opaque homebuying/selling and financing process in Latin America.

Center for Disability-Inclusive Community Development Announces Second Annual Inclusive Community Development Award Winners

Retrieved on: 
Wednesday, January 19, 2022 - 8:01pm

WASHINGTON, Jan. 19, 2022 /PRNewswire/ --The Center for Disability-Inclusive Community Development (CDICD), managed by National Disability Institute (NDI), announced today the three winners and their partners of its Second Annual Inclusive Community Development Awards: True Link Financial and Sunrise Banks ; Life Asset , a Community Development Financial Institution (CDFI); and Goodwill Industries of East Texas and Prosperity Bank .

Key Points: 
  • WASHINGTON, Jan. 19, 2022 /PRNewswire/ --The Center for Disability-Inclusive Community Development (CDICD), managed by National Disability Institute (NDI), announced today the three winners and their partners of its Second Annual Inclusive Community Development Awards: True Link Financial and Sunrise Banks ; Life Asset , a Community Development Financial Institution (CDFI); and Goodwill Industries of East Texas and Prosperity Bank .
  • "CDICD is proud to announce the Second Annual Inclusive Community Development Award winners.
  • Each of our winners have created unique initiatives that support people with disabilities in low- and moderate-income communities," said Michael Roush, Director, Center for Disability-Inclusive Community Development.
  • Launched in 2019, the Center is focused on the importance of inclusive community development activities.

Novogradac Welcomes Fellow as Part of 2022 Open Access Program

Retrieved on: 
Wednesday, January 19, 2022 - 8:00pm

SAN FRANCISCO, Jan. 19, 2022 /PRNewswire-PRWeb/ --National public accounting and consulting firm Novogradac welcomes a paid intern who is part of the Open Access Fellowship 2022 program, which works to increase the representation of Black and Latinx professionals working to improve health, education and wealth outcomes in low-income communities across America.

Key Points: 
  • SAN FRANCISCO, Jan. 19, 2022 /PRNewswire-PRWeb/ --National public accounting and consulting firm Novogradac welcomes a paid intern who is part of the Open Access Fellowship 2022 program, which works to increase the representation of Black and Latinx professionals working to improve health, education and wealth outcomes in low-income communities across America.
  • "Novogradac is pleased to continue advancing community development education and looks forward to another successful experience with our Open Access fellow," said Michael J. Novogradac, CPA, managing partner of Novogradac.
  • All Open Access Fellowsincluding those working outside of Novogradacwill receive 10 hours of virtual education in community development through Novogradac and the opportunity to attend a 2022 Novogradac conference in person or virtually.
  • Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, opportunity zones, community development, historic rehabilitation and renewable energy.

Tripp Lite by Eaton's New Fiber Optic Media Converters Send Signals Across the Factory Floor Without Interference

Retrieved on: 
Wednesday, January 19, 2022 - 6:30pm

The new media converters transform Cat5/6 UTP Ethernet signals into fiber signals that travel over fiber optic cable, which is much less vulnerable to interference.

Key Points: 
  • The new media converters transform Cat5/6 UTP Ethernet signals into fiber signals that travel over fiber optic cable, which is much less vulnerable to interference.
  • Available with a hardened housing or an IP30 industrial housing, the fiber optic media converters have a wide operating temperature range to accommodate the hot and cold extremes of industrial spaces.
  • Media converters with hardened housing have an operating temperature range of 14 to 140 F (-10 to 60 C).
  • "The fiber optic media converters are an easy way to enjoy the advantages of fiber without replacing infrastructure.

Cooper Housing Institute Awards $100,000 Grant to South County Outreach

Retrieved on: 
Wednesday, January 19, 2022 - 5:39pm

South County Outreach is an Irvine-based nonprofit corporation whose mission is to prevent hunger and homelessness in Orange County, California.

Key Points: 
  • South County Outreach is an Irvine-based nonprofit corporation whose mission is to prevent hunger and homelessness in Orange County, California.
  • South County Outreach owns 17 condominiums that provide affordable housing, and offers the financial assistance required for rehousing families facing imminent homelessness.
  • "The COVID-19 pandemic has led to greater need for the types of services provided by South County Outreach, and this generous grant from the Cooper Housing Institute provides vital financial assistance that will help us continue to pursue our mission to prevent hunger and homelessness throughout Orange County."
  • The Cooper Housing Institute was formed by Will N. Cooper Sr. and Will N. Cooper Jr., leaders of Irvine, California-based WNC, a leading provider of investment, asset management and development services in the affordable housing industry.