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 threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
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A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
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But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
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Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
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