Timothy A. Mazzetti has joined Cohen Financial, a Chicago-based commercial real estate lender, as executive vice president.Mr. Mazzetti was most recently with Kansas City, Mo.-based Midland Loan Services, one of the largest commercial mortgage servicers, for about 12 years. Cohen Financial has secured additional capital and company affiliations through a recently completed recapitalization with FirstService Corp., Cohen said, and Mr. Mazzetti will work on leveraging this new relationship. Jack Cohen, Cohen Financial's chief executive officer, said Mr. Mazzetti's appointment will serve to "take the company to the next level." The company can be found on the Web at http://www.cohenfinancial.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








