Hunter Wise Financial Group LLC, Irvine, Calif., and Houston, has announced the placement of a $200 million senior line of credit for Commercial Capital Inc., a Denver-based company that specializes in short-term commercial real estate lending.Hunter Wise said the transaction more than doubled the lending capacity (to over $350 million) of Commercial Capital, a privately held commercial mortgage banking and capital partnering company. "Our strategic plan is to become the foremost short-term commercial real estate lender in the small to mid-tier development market," said Matthew Witt, president and chief executive officer of Commercial Capital. "With our new lending capacity, we are now one of the leading private lenders in the Rocky Mountain region."
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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