Bridger Commercial Funding, San Francisco, has announced the closing of its third securitization of the year, a $1.2 billion deal in which it participated with Banc of America Securities.Bridger said it has securitized more than $1.6 billion in commercial real estate mortgage loans since 1999, working through its nationwide network of over 1,500 commercial banks. The company can be found on the Web at http://www.bridgerfunding.com.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
