CBA Commercial LLC, a specialty commercial mortgage finance firm based in Stamford, Conn., has appointed Craig L. Knutson as executive vice president and chief information officer and Kent S. Nevins as EVP and general counsel.Mr. Knutson was previously president and chief operating officer of Ariasys Inc. and spent more than 20 years as a finance professional with such firms as Credit Suisse First Boston and Morgan Stanley & Co., CBA Commercial said. Mr. Nevins was formerly a partner at Pillsbury Winthrop LLP and its predecessor, Winthrop Stimson Putnam & Roberts. CBA Commercial said his career in private legal practice spans more than 20 years, during which he represented banks, mortgage lenders, developers, and others in real estate and capital market transactions. CBA Commercial can be found on the Web at http://www.cbaloans.com.
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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.
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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.
July 2 -
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.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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