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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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‘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.

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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.

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Outsourcing for efficiency: How SitusAMC is enhancing primary market origination with third-party resources

Housing Wire

To tackle increased origination demand without over-prioritizing one market, mortgage originators must rely on solutions designed to cut primary market expenses and create more secondary market mobility. Originators dont consider the secondary market, even though those loans will most likely shift into the market down the line.

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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.

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Seattle leaders struggle to agree on a path forward for housing

Housing Wire

The concept of the neighborhood center would be a new land-use designation that would bolster the zoning capacity of commercial centers, adding more residents to areas with existing businesses and amenities. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

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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.

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