Finance & Mortgage

'John Jacobsson New Executive Vice President at NY Real Estate firm Related Cos.

John Jacobsson is the new executive vice-president at The Related Companies L.P., the real estate firm based in New York City, reported The Wall Street Journal.

'Bank of America Sells Wake Forest University Charlotte Center For $72.5 Million to Alliance Partners

Bank of America Corp reportedly sold Wake Forest University Charlotte Center building to Alliance Partners, affiliate of the commercial real estate investment firm The Schidler Group, for $72.5 million, reported Charlotte Business Journal.

'Fannie Mae and Freddie Mac to Jointly Form New Securitization Company

The Federal Housing Finance Agency (FHFA), regulator of the government-backed mortgage firms, Fannie Mae and Freddie Mac announced on Monday, March 4 that operations of the two companies will be combined to form a separate entity that will look after securitized home loans.
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