Jeffrey A. Wiseman and Kevin D. Walsh have been named co-heads of mezzanine lending at JER Investors Trust Inc., a McLean, Va.-based company that originates and acquires commercial real estate structured finance products.Mr. Wiseman was also named a director of J.E. Robert Co. and will be based in the companies' New York City office, while Mr. Walsh, who joined JER in May 2006, will continue as a director of J.E. Robert, the companies reported. Mr. Wiseman was most recently a vice president at JPMorgan, and he was previously employed by Capital Trust Inc. Mr. Walsh was previously employed for 17 years by Wells Fargo Commercial Mortgage Finance. JER can be found on the Web at http://www.jer.com.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
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Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
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Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
April 17 -
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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