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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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