Author Archives: ipgocorp

Woodlawn School to be converted into apartments

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(RECAP: The Landmark Group, a Winston-Salem, N.C.-based real estate development and property management firm, has entered into an agreement with the Carroll County Industrial Development Authority (IDA) to refurbish and repurpose Woodlawn School in Woodlawn. Cliff Millirons of the VHDA added that “this project fits perfectly with VHDA’s mission to provide attractive, affordable housing to Virginians.”)

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Genworth Mortgage Insurance Industry Survey: Rising interest rates and alternative mortgage products seen as biggest 2018 market challenges

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(RECAP: Genworth Mortgage Insurance today released the results of its survey of 105 mortgage industry professionals conducted at this year’s MBA National Secondary Market Conference & Expo in New York City. Notably, 79 percent of respondents cited both rising inflation as a trigger of higher interest rates (49 percent) and the re-emergence of alternative mortgage products (30 percent) as the two largest challenges facing the mortgage market in 2018. An additional 17 percent cited the loosening of credit standards, and four percent cited excess liquidity in the mortgage market.)

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Landlords, nonprofits discuss eviction alternatives in Hampton Roads

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(RECAP: Community-minded landlords are joining with Peninsula nonprofits to help people at risk of eviction. The aim is to come up with concrete proposals for the community, local governments and state and federal lawmakers to act on, said Steve Kast, chief executive officer of the United Way of the Virginia Peninsula, which hosted a Tuesday meeting to launch the effort.)

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