Design experts from McLean, Va.-based Science Applications International Corp., through its wholly owned subsidiary SAIC Energy, Environment & Infrastructure LLC in Oklahoma City, recently placed third in SuperSkyScrapers' competition to design a hotel tower and sky garden space.
The competition “sought to achieve an inspirational, high-quality hotel development concept that set a new standard of urban and contemporary high-rise building design” in the Manhattanville neighborhood of New York City. Mauro Dallabattista of Oklahoma City was SAIC's director of design and team. SAIC Energy, Environment & Infrastructure is the former Benham Cos.
Mortgage loan profits rise
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan originated in the third quarter, up from $2,152 per loan in the second quarter, according to the Mortgage Bankers Association.
“Both purchase volume and refinancing volume increased in the third quarter, resulting in higher net production profits among independent mortgage bankers,” said Marina Walsh, the association's vice president of industry analysis. “Secondary marketing gains improved by 14 basis points over the second quarter. However, per-loan expenses remained flat despite higher volumes.”