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

Housing Wire

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

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Competition for mortgage underwriters has never been fiercer

Housing Wire

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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NYCB to sell $5B in mortgage warehouse loans to JPMorgan

Housing Wire

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates. billion; 5.7%).

Loans 468
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Judge grants motion to dismiss NEXA Mortgage lawsuit against former president

Housing Wire

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. Extolling the virtues of notice pleading is fine, but letters of intent on commercial property that ultimately go nowhere are legion,” McCoy wrote. As of Wednesday, NEXA was the largest U.S.

Mortgages 435
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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Goldman Sachs plants its flag in the jumbo-loan gold rush

Housing Wire

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7 billion, an analysis of bond-rating reports shows.

Loans 435
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Announcing the 2024 Class of Rising Stars!

Housing Wire

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. This year 80 honorees were selected.

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