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Wells Fargo sells most of its commercial mortgage servicing to Trimont

Housing Wire

Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The deal is expected to make Trimont the largest servicer of multifamily and commercial loans in the U.S. The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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REACH Commercial announces latest proptech class

Inman

The seven startups that are part of REACH Commercial's latest class each promise to advance the way commercial brokerages service the industry, ranging from a green building resource solution to a pro-small business engine to help entrepreneurs own their real estate.

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Commercial market bottom nears as foreclosures surge

Inman

Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI.

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FOA agrees to sell commercial lending business to Roc Capital

Housing Wire

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The terms of the deal do not include the FOA commercial vertical’s financial assets, which are comprised of loans and securitizations, according to the 8K filing.

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What is Commercial Property Insurance? A Complete Investor Guide

The Close

When writing your company’s real estate business plan, remember that commercial property insurance is first-party coverage for your property. Well, let me tell you… What is Commercial Property Insurance? So, what is commercial property insurance? What Does Commercial Rental Property Insurance Cover? Don’t know what it is?

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Stewart Louisiana expands support for commercial title, hires underwriting counsel

Housing Wire

Stewart Title of Louisiana is expanding its support for commercial real estate transactions, through the addition of Ashley Coco as the firm’s Louisiana underwriting counsel, it announced Tuesday. Before joining Stewart, Coco was the lead attorney heading the commercial services department of Commerce Title in Baton Rouge.

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