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Tag Archives: Investors

Wingspan Bulks Up Business Development Team

New

Dallas-based Wingspan continues the expansion of their business development team with the recent announcement of John Guy joining the team as SVP of business development. Guy comes to Wingspan after serving as the managing director of business development at Auction.com.

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Departing Fed Chair Talks Economic Health, Defends Policies

In a conversation Thursday hosted by the Brookings Institution, outgoing Federal Reserve Chairman Ben Bernanke defended the Fed's easy money policies, dismissing concerns of out of control inflation and capital losses. He also eased worries about the long-term effects of the financial crisis--including the impact of unemployment on labor supply and productivity--saying that while they are a problem, none of issues are "truly permanent."

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MBA Data Points to Decline in December New Home Sales

The latest builder application data from the Mortgage Bankers Association (MBA) suggest new home sales numbers came in below average for December. MBA's latest Builder Application Survey, a measure of application volume from mortgage subsidiaries of homebuilders, shows applications for new home purchases dropped 11 percent from November to December (unadjusted). Unadjusted, MBA estimates the month saw 28,000 new home sales.

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Former First Franklin CEO to Lead WDB Funding

WDB Funding, LLC, announced the appointment of Andrew Pollock as the firm's president and CEO. Pollock brings 25 years' experience heading large-scale lending operations to his new role, where he is responsible for providing day-to-day leadership, managing operations, and executing the strategic direction of the company.

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Beige Book Indicates Continuing Economic Expansion

Representatives from the Federal Reserve's 12 districts reported moderate economic expansion across most of the country through the end of last year, with indicators pointing to more steady growth ahead. Real estate markets "generally continued to improve," according to the Fed, with most districts experiencing increase home sales activity and construction along with rising home prices. Credit standards were largely unchanged among the districts, though increased competition led to some instances of relaxed standards.

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