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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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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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Advocus National Title now providing 1031 exchange services

Housing Wire

In essence, a 1031 exchange lets investors keep more of their money working for them by delaying taxes on their gains, said Karen Courtney, corporate counsel and national commercial manager at Advocus. With our new 1031 exchange services, were making it easier for customers to navigate the process and secure their financial future.

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No, homeowner delinquency rates aren’t elevated

Housing Wire

These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. The discussion began with a social media post featuring the first chart below, leading many to believe that homeowners are under significant stress.

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World’s first AI real estate agent has already made $100M in sales

Housing Wire

“So, you as a customer are going to get, probably and most likely, a much better service right away than you will have with a physical commercial consultant because she knows the AI agent knows everything about all the properties.”

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