LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
Hudson United Mortgage has reported that mortgage veteran John Prom has joined the mortgage bank and brokerage firm. David Moore, Director of Recruiting for Hudson United, commented that Prom will lead the company’s growth into Manhattan and Fairfield County, CT as Producing Regional Manager of Originations and will manage new offices to be opened in both markets for the company.
Prom spent 16 years as a Producing Branch Manager for Homebridge Financial in Manhattan. He successfully forged relationships with the New York Hotel Trades Council Union as well as home builders and developers in the surrounding suburbs. Over the years, Prom has funded thousands of units with loan volume in excess of $800 million in New York City, Long Island, and Connecticut.
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