Oaks Development Group, a Cary, N.C.-based developer of medical properties, has announced the formation of a new, Boston-based division focused on providing venture capital and partnership opportunities to private equity investors. Oaks' tenant ownership model creates a three-way partnership among medical tenants, private investors, and the developer, with 50% ownership residing with the medical tenants. Oaks said it is now focused on expanding its office ownership model nationwide. The company can be found online at http://www.oaksdevelopment.net.
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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.
September 29 -
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.
September 29 -
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.
September 29 -
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.
September 29 -
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.
September 29






