Prudential Mortgage Capital, Newark, N.J., has appointed Carmen Bowser a principal with the company's National Accounts Group in New York City.Ms. Bowser will be responsible for covering direct lending relationships in the origination of loans through Prudential's various capital sources, including general account, conduit, Fannie Mae, bridge, and mezzanine loans, Prudential said. Ms. Bowser joins the company from TIAA-CREF, where she was responsible for originating commercial mortgage loans in the eastern United States and Canada. She has also done a previous stint with Prudential, in the corporate finance and commercial mortgage areas, the company said. Scott Chisholm, also a principal, will continue to be responsible for covering all mortgage banking relationships as well as direct relationships in the New York region.
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Intermediary automation has increased the immediate availability of product, pricing and eligibility information to both sides of the mortgage business.
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Radian undertook a multiyear process that resulted in the $1.7 billion purchase of Inigo, but it's exiting other businesses outside of mortgage insurance.
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Rate rolled out its Rate App entirely in Spanish Thursday as part of its Language Access Program.
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CrossCountry Capital will partner with an Ares Alternative Credit fund and Hildene Capital Management after receiving $1 billion of equity capital commitments.
10h ago -
President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
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The 30-year fixed rate mortgage was down another 9 basis points this week, Freddie Mac said, but much of this pricing was before the Federal Reserve meeting.
September 18