Bank of America and Wells Fargo ranked first and second among all commercial/multifamily originators in 2008, according to a new ranking.Other originators in the top 10 include PNC Real Estate, Holliday Fenoglio Fowler, Wachovia, GE Real Estate, Capmark Financial Group, CBRE/Melody, Deutsche Bank Commercial Real Estate and KeyBank Real Estate Capital. The list was compiled by the Mortgage Bankers Association, which did not release the origination volumes along with its press release. National Mortgage News also publishes a list of top commercial mortgage lenders and servicers in its Quarterly Data Report product.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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