Commercial Capital Bancorp Inc. and Sperry Van Ness International Inc., both based in Irvine, Calif., have announced a strategic alliance under which SVN will promote CCBI as its provider of financing, banking, and deposit products.The companies said CCBI will provide SVN, its brokers, and its clients with an institutionalized source of prompt funding decisions for borrowers and properties referred for financing. The alliance and marketing agreement represents an effort to create "the one-stop shop for income property investors," said Stephen H. Gordon, chairman and chief executive officer of CCBI. Joint marketing will include reciprocal referral efforts, website links, and direct-mail promotions. CCBI, an originator of multifamily loans and the holding company of Commercial Capital Bank, can be found online at http://www.commercialcapital.com. SVN, a commercial real estate brokerage firm, can be found at http://www.svn.com.
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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.
July 3 -
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.
July 2 -
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









