The New York Stock Exchange has permanently suspended trading in the common stock of CBRE Realty Finance Inc., Hartford, Conn., as of the close of market on Nov. 7. The delisting is the result of the fact that the company has fallen below the NYSE continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of at least $25 million. As of Nov. 10, 2008, CBRE's common stock will trade over-the-counter under the ticker symbol CRTYZ. CBRE Realty Finance is a commercial real estate specialty finance company focused on originating, acquiring, investing in, financing and managing a diversified portfolio of commercial real estate-related loans and securities. The company's website is located at http://www.cbrerealtyfinance.com/.
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New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
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The agreement expands the top-5 bank servicer's relationship with the technology company, claiming it brings its full portfolio to the MSP platform.
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The typical mortgage company is well behind the average fintech, insurance company and bank in terms of AI development and maturity, according to a new survey.
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Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
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DRB Group is partnering with Acrisure Mortgage and Alta Home Lending to start two mortgage joint ventures set to open in January 2027, the company announced.
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Servicers may need to use some of their less common risk management tactics rather than solely relying on borrowers holding significant equity, Andy Walden said.
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