Ladder Capital Finance Holdings LLC, a New York-based commercial real estate specialty finance company, has appointed Thomas Harney as head of Merchant Banking & Capital Markets to lead Ladder Capital's newly-created Capital Markets/M&A Group. With more than 25 years of experience in real estate and capital markets, including serving as senior managing director and co-head of real estate investment banking at Bear, Stearns & Co. Inc., Harney has completed over $70 billion in real estate M&A and capital markets transactions during the span of his career. Harney will be joined by Summer Nemeth, who has been appointed as a director of capital markets for the new Capital Markets/M&A Group. Nemeth worked extensively with Harney at Bear Stearns.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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