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Triumph Savings Bank, Dallas, this week hired industry veteran Barry Epstein to manage its new warehouse lending division, and plans to cater its effort to small nondepository mortgage bankers.
February 9 -
First Bancorp, San Juan, Puerto Rico, has entered into a definitive agreement to sell a loan portfolio with an unpaid principal balance of $516.7 million and a new book value of $438.5 million that is largely comprised of construction loans, but also contains some commercial real estate and commercial loans.
February 9 -
African-Americans and Latinos borrowed 62% less in 2009 to purchase or refinance homes when compared with 2004, while mortgages to whites declined by just 17% during the same time frame, according to a study of Home Mortgage Disclosure Act data by ComplianceTech, Arlington, Va.
February 9 -
The House Financial Services Committee wants to cut off all federal funding for NeighborWorks America, which supports hundreds of community-based groups that provide safe and decent housing for low-income families.
February 9 -
The seasonally adjusted application volume index fell by 7.7% from the previous week as mortgage rates shot up to their highest point since last spring because of stronger economic growth than anticipated, according to new figures released by the Mortgage Bankers Association.
February 9 -
A rated small-balance commercial mortgage-backed securities deal appears to be the first seen in some time.
February 9 -
McCalla Raymer LLC, Georgia’s largest provider of real restate and mortgage banking legal services, is expanding its services into the state of Florida.
February 9 -
The segment of Lender Processing Services that provides mortgage default, foreclosure and real estate owned services was the only area of the company to report declined annual review in 2010 compared to 2009. The company said ongoing delays in the foreclosure process are to blame and they expect the situation to continue in 2011, impacting potential revenue streams.
February 9 -
Despite projections from the Mortgage Bankers Association that the industry will face a difficult 2011, LeaderOne Financial is hopeful to have similar success this year that it accomplished in 2010.
February 9 -
Argent Management LLC, a provider of real estate services to institutional investors, private owners, developers, and financial institutions, has agreed to partner with Colony Capital, a global real estate investment and advisory firm, to manage $1.2 billion of land portfolios.
February 9
