The top commercial and multifamily loan originators for 2005 were Wachovia, Wells Fargo, and Capmark Financial Group (previously GMAC Commercial Mortgage), according to the Mortgage Bankers Association.Others in the top 10 list, based on the MBA's annual origination volume report, are: HFF; KeyBank REC; CBRE/Melody; Lehman Brothers; Column Financial/Credit Suisse; Bank of America; and PNC Real Estate Finance. Doug Duncan, the trade association's chief economist, said 2005 was a record year for commercial/multifamily originators, adding that the MBA listings "show the breadth and depth of those doing business in this expanding market." The MBA report also lists originators by investor groups. Wachovia was the top originator for commercial bank/savings institutions and conduits; Capmark Financial Group for Freddie Mac and FHA/Ginnie Mae investors; MetLife for life insurance companies; Deutsche Bank Berkshire for Fannie Mae investors; TIAA-CREF for pension funds; Cohen Financial for credit companies; Key Bank for real estate investment trusts, investment funds, and other investors; and Tremont Realty Capital for specialty finance companies.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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