In an announcement Tuesday, Bethel, Connecticut-based Countdown to Buy (CTB) said it has secured over $1.1 million in funding from investors.
Read More »Wells Fargo to Repay $25 Billion Bailout
Big banks are racing to pay back their bailout money and start the new year non-beholden to the American taxpayer or U.S. government.
Read More »ISGN Closes Deal to Buy Fiserv’s Loan Fulfillment Unit
ISGN Solutions Inc. announced Monday that it has completed its acquisition of the loan fulfillment services business from Fiserv, Inc.
Read More »FDIC Seeks to Limit Safe Harbor on Securitized Loans
The FDIC's board approved an advance notice of proposed rulemaking Tuesday regarding its safe harbor provision for securitized loans seized from failed banks, which would restrict the protection to loan bundles that meet certain regulatory criteria. Since 2000, the FDIC has taken a hands-off approach to securitized assets when it stepped into to shut down a problem financial institution.
Read More »Drop in Commercial Property Values Slows: Report
The value of commercial real estate is still falling, but across the country, the pace has slowed compared to earlier in the year, according to Integra Realty Resources.
Read More »Bridger Resumes CMBS Loan Originations
Bridger Commercial Funding announced Monday that it will resume originating new commercial real estate loans on income-producing properties for repackaging in commercial mortgage-backed securities (CMBS).
Read More »Berkadia Completes Capmark Acquisition
Berkadia Commercial Mortgage LLC has completed its acquisition of Capmark Financial's North American loan origination and servicing business.
Read More »Wells Fargo Expands Use of Mortgage Payment Relief Programs
In an effort to reduce the number of foreclosures across the country and keep customers in their homes, Wells Fargo& Company announced Saturday that it is continuing to expand its use of the federal Home Affordable Modification Program (HAMP) and other modification programs.
Read More »Settlement Agreement Reached by FHA and Equitable Trust Mortgage
In an announcement Friday, the Federal Housing Administration (FHA) said it reached a settlement agreement with Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland.
Read More »Pulte Homes Set to Sell Retail Title Insurance Platform to REDC
Irvine, California-based Real Estate Disposition, LLC (REDC) has signed a definitive agreement with Pulte Homes, Inc., headquartered in Bloomfield Hills, Michigan, to acquire the Commerce Title retail title insurance agency platform.
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