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Rocket makes a Super Bowl commercial comeback

Housing Wire

I cant share the exact cost, but as you can imagine, a Super Bowl commercial especially one thats never been done before is a significant investment. For the last few years, the Detroit-based financial services company has sat on the bench when it comes to advertising during the big game.

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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

Volatility is becoming the new norm in today’s commercial real estate market. Meet Danny van der Reis , a commercial real estate (CRE) finance veteran and executive vice president of servicing and asset management at Arbor Realty Trust. HW: You’ve had a long career in commercial real estate finance.

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Washington state lawmakers working on commercial-to-residential conversion bill

Housing Wire

The House of Representatives in the state of Washington last week approved a bill that seeks to expedite the process of converting commercial buildings into residential complexes. Those rules only applied to conversions in commercial and mixed-use zones. The measure passed overwhelmingly in a vote of 95-2. HB 1757 is sponsored by Rep.

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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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MBA promotes Jamie Woodwell to lead its commercial, multifamily public policy efforts

Housing Wire

The Mortgage Bankers Association (MBA) on Monday appointed Jamie Woodwell as its senior vice president of commercial/multifamily policy and strategic industry engagement. MBA leadership praised Woodwell for his market expertise and detailed economic insights in the commercial and multifamily real estate sectors.

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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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WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

It further clarified that it will continue its business lending activities, including commercial mortgages, and will begin offering loans backed by the U.S. James Endrizzi will lead commercial real estate operations in Utah and Nevada. And its commercial real estate division will be headed by Tony Barnard and Tom Pozarycki.

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