The formation of Capital Markets Investment Group, a group of commercial real estate professionals specializing in the sale and acquisition of office investment properties throughout the Western United States, has been announced. CMIG said its brokers average over 20 years of experience in the commercial real estate industry. "Membership in CMIG allows brokers to strategically align with the nation's top office investment professionals regardless of their association with a particular firm," said David Tilton, a CMIG member and senior managing director of Fredrick Ross Co. in Denver. CMIG can be found online at http://www.cmig1.com.
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While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
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Federal Housing Finance Agency Director Bill Pulte said last week that it will slash the budget for its inspector general, spurring Senate Banking Committee Democrats to seek his testimony.
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The technology provider now counts two top 10 servicers among its customers and intends to use new capital to accelerate product development and add staff.
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Fitch Ratings, noting the reduction in Wells Fargo's balances and sale of non-agency servicing, said the bank no longer meets expectations at its old grade.
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ARMs accounted for more than 11% of rate locks, their largest share in nearly four years and up more than three percentage points over the past three months.
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The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating.
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