Wachovia and Wells Fargo again ranked No. 1 and No. 2, respectively, among commercial and multifamily loan originators in 2006, according to the Mortgage Bankers Association.Credit Suisse took over third place in the rankings, and the others on the top-10 list, based on the MBA's third annual origination volume report, are: Holliday Fenoglio Fowler LP; Key Bank Real Estate Capital; Capmark Financial Group; Deutsche Bank Commercial Real Estate; Lehman Brothers; CBRE/Melody; and LaSalle Bank/ABN Amro. 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 and specialty finance companies; MetLife for life insurance companies; Deutsche Bank Berkshire for Fannie Mae investors; TIAA-CREF for pension funds; GE Real Estate for credit companies; and Wells Fargo for real estate investment trusts, investment funds, and other investors.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25