article thumbnail

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.

article thumbnail

‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. in Q2 2023.

Banks 493
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Service provider LERETA appoints new CTO 

Housing Wire

In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings. LERETA is a financial services company that offers a suite of nationwide real estate tax services for residential and commercial mortgages.

article thumbnail

University Bank adds four reverse mortgage veterans to its HECM division

Housing Wire

Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA). Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

Banks 468
article thumbnail

Global DMS transforms appraisal management software

Housing Wire

Finding an appraisal management software for real estate and commercial that works the way each individual lender does is difficult – usually resulting in time-consuming configurations, development work and training. In fact, Global DMS has onboarded a lender that uses both commercial and residential in just under 30 days.

article thumbnail

Polly announces AI integration into its pricing engine

Housing Wire

The PPE system is native to the cloud and is described by the company as “commercially scalable” through a series of customizable options. The announcement of the AI functionality improvements follows a series of other announcements made by Polly in March.

article thumbnail

Purchase orders give boost to Fidelity’s title segment in Q2

Housing Wire

Fidelity’s total commercial revenue was $347 million, an 89% increase year-over-year driven by a 65% increase in closed orders. Total commercial orders opened also increased 58% year over year. In title revenue, Fidelity announced an even $3 billion, up from $2.2 billion in the second quarter of 2020.

Title 397