Imperial Capital Bank, La Jolla, Calif., is opening a flagship branch in downtown San Diego and expanding its Imperial Capital Express division into Phoenix, Atlanta, and Austin, Texas.The San Diego branch will provide commercial and multifamily real estate loans to downtown San Diego businesses and area residents. ICB, a subsidiary of ITLA Capital, is closing down another San Diego branch in January 2004, the bank said. The new ICB offices are expected to expand the marketing of the company's loan products across the "sunbelt states," including Arizona, New Mexico, Texas, the Carolinas, Georgia, and Florida. The division specializes in multifamily real estate loans up to $2 million and started its operations in Santa Monica, Calif., in April 2002.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18