Commercial Mortgage

UC Funds Debuts Commercial Mortgage Bridge Loan

Posted by Michael Bates on July 10, 2017

UC Funds, a specialty finance firm that originates, structures, underwrites, and asset-manages commercial real estate investments, has introduced its new UC GO non-recourse commercial mortgage bridge loan program. According to UC Funds, UC GO is the lowest-rate, most competitive commercial [Read More]

Mortgage Rates Make Biggest Weekly Jump Since March

Posted by Amanda Fava on July 06, 2017

The 30-year, fixed-rate mortgage (FRM) made its largest week-over-week leap since March, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year FRM averaged 3.96%, with an average 0.6 point for the week ending July 6 – up from last [Read More]

MBA: Mortgage Applications Increase Week Over Week

Posted by Amanda Fava on July 06, 2017

Mortgage applications increased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 30. The Market Composite Index, a measure of mortgage loan application volume, increased 1.4% on [Read More]

Home Point Expands Origination Channel, Sells Reverse Business

Posted by Amanda Fava on June 29, 2017

Mortgage originator and servicer Home Point Financial Corp. has expanded its third-party origination (TPO) channel, following its acquisition of Stonegate Mortgage Corp. The company says the expansion will enable it to increase its wholesale client base by increasing the geographic [Read More]

Lea Overby Named Head of CMBS Research, Analytics at Morningstar

Posted by Amanda Fava on June 28, 2017

Morningstar Credit Ratings LLC has named Lea Overby head of commercial mortgage-backed securities (CMBS) research and analytics. In her new role, Overby will oversee the ongoing management and development of Morningstar’s CMBS business, including new issue and surveillance ratings, CMBS [Read More]

MBA: Commercial, Multifamily Mortgage Originations to Drop

Posted by Amanda Fava on June 26, 2017

The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will be down slightly in 2017, ending the year at $478 billion, a decrease of 3% from the 2016 volumes. Mortgage banker originations of just multifamily mortgages are forecast [Read More]

National Bank Holdings Scoops Up Peoples

Posted by Amanda Fava on June 26, 2017

National Bank Holdings Corp., the parent company of NBH Bank, and Peoples Inc. have entered into a definitive agreement for NBH to acquire Peoples, building the company’s scale in the Colorado Front Range and greater Kansas City regions. According to [Read More]

Commercial Mortgage Returns Increase In The First Quarter

Posted by Michael Bates on June 16, 2017

Returns on private commercial mortgage investments owned by life insurance companies rebounded from fourth-quarter 2016’s loss of 2.72% to generate a total return of 1.6% in the first quarter of 2017, according to the LifeComps Commercial Mortgage Index. Income contributed [Read More]

Flagstar’s Drew Ottaway Takes On Dual Role; Now Also EVP And Head Of Lending

Posted by Patrick Barnard on May 30, 2017

Andrew (Drew) Ottaway has been named executive vice president and head of lending at Flagstar Bank. This is in addition to Ottaway’s current role as president of the bank’s Michigan market. In that role, he has responsibility for Flagstar’s retail [Read More]

Greystone Hires Jerry Muir To Build Out Manufactured Housing Platform

Posted by Patrick Barnard on February 16, 2017

Jerry Muir has joined Greystone, a real estate lending, investment and advisory company, as a managing director working with the agency lending team. A 25-year veteran of Fannie Mae, Muir will focus on building out Greystone’s manufactured housing lending platform. [Read More]

Flagstar Bank Hires Kurt Hocker As SVP And Director Of Capital Markets

Posted by Patrick Barnard on February 06, 2017

Kurt Hocker has joined Flagstar Bank as senior vice president and director of capital markets. Hocker has 25 years’ experience in commercial banking activities, with several years focused exclusively on capital markets. He previously served as executive vice president and [Read More]

LRES Offers Commercial Evals Through InsideValuation

Posted by Patrick Barnard on July 25, 2016

National residential and commercial real estate services company LRES is now offering commercial evaluations through its recent acquisition of InsideValuation. According to LRES, these evaluation products contain thorough data and analysis to procure accurate and timely valuations for commercial properties. These [Read More]

DebtX: CMBS Loan Prices Rose In June

Posted by Patrick Barnard on July 25, 2016

DebtX, a provider of third-party loan valuation services, has announced that the prices of commercial real estate loans underlying commercial mortgage-backed securities (CMBS’) increased in June. During the month, the estimated price of whole loans securing the CMBS universe rose [Read More]

Walker & Dunlop Buys MSR Portfolio From Oppenheimer Holdings

Posted by Patrick Barnard on July 13, 2016

Walker & Dunlop Inc. is purchasing a $3.8 billion commercial mortgage servicing rights portfolio from Oppenheimer Holdings Inc. The sale, consisting of more than 480 permanent loans insured by the U.S. Department of Housing and Urban Development, represents substantially all [Read More]

Mission Capital Advisors Hires New Managing Director Of Strategic Development

Posted by Patrick Barnard on May 20, 2016

Christina Carr has joined Mission Capital Advisors, a national real estate capital markets solutions firm, as managing director of strategic development. Carr has nearly two decades of industry experience. She previously served as the managing director and head of operational [Read More]

D+H Launches New Functionality For LaserPro Lending Solutions

Posted by Patrick Barnard on April 20, 2016

DH Corp. (D+H), a global provider of technology solutions to financial institutions, has launched its new commercial origination and processing functionality for LaserPro lending solutions. According to D+H, the new enhancement reduces the preparation time needed for lenders to originate and [Read More]

Silver Hill Funding Introduces New Multifamily Streamline Program

Posted by Patrick Barnard on April 18, 2016

Silver Hill Funding, a direct small-balance commercial mortgage lender, has launched its new Multifamily Streamline Program for small-balance commercial mortgage loans from $250,000 to $1 million. The lender says that this program, with no tax returns or 4506T required, appeals to [Read More]

DebtX Launches Next-Generation Platform For Loan Sales

Posted by Patrick Barnard on April 06, 2016

DebtX has launched a new version of its cloud-based loan trading platform that will enable buyers and sellers to execute transactions faster and easier. Among the enhancements are device and browser compatibility. Now, users can access the DebtX marketplace on [Read More]

Bridge-IGP Appoints Leadership For First International Office

Posted by Patrick Barnard on February 25, 2016

Bridge Investment Group Partners LLC (Bridge-IGP), the private equity real estate firm, has engaged Aamir R. Rahim, representative chairman of Bridge Investment Group Partners, Ltd. 1, to provide investor relations and capital markets expertise in the company’s first international office, [Read More]

Ten-X: Top Five U.S. Office Markets Are On West And East Coasts

Posted by Patrick Barnard on February 25, 2016

Online real estate marketplace Ten-X, formerly Auction.com, has released its latest Office Market Outlook report, which highlights the sector’s top buy and sell markets. According to the long-term forecast report, San Francisco; San Jose, Calif.; Orange County, Calif.; New York [Read More]