Multifamily sector a mixed bag in first
quarter.(Commercial)(Brief article)
The multifamily housing sector was a mixed bag in the first quarter
of 2008 as the issuance of building permits decreased while completions
increased, according to a report by the Department of . . .
AllRegs acquires Merit Matrix.(TechNewz)(Brief article)
AllRegs, Eagan, Minnesota, announced in May its acquisition of
Merit Matrix, Warminster, Pennsylvania--a division of IntraPrise
Solutions Inc. (ISI), also headquartered in Warminster. Terms of . . .
NYLX launches LendingArt info portal.(Tech Newz)(New York Loan
Exchange)(Brief article)
New York Loan Exchange (NYLX), Mount Arlington, New Jersey, has
launched LendingArt (www.lendingart.com)--a no-charge real estate
finance industry information portal designed to provide reliable . . .
Celink, IBM implement next-generation reverse-mortgage
platform.(Tech Newz)
Lansing, Michigan-based Celink announced it has successfully
implemented the next generation of its proprietary reverse-mortgage
servicing platform, ReverServ[TM], even as Armonk, New York--based . . .
Work stoppage; In many markets around the country, developers and
investors are slowing down projects or cancelling them outrigh
The basic tenet of commercial real estate is that demand drives
development. However, at certain periods during the past two decades,
the availability of inexpensive capital changed the equation . . .
Wolters Kluwer launches Red Flags Resource
Center.(TechNewz)(Wolters Kluwer Financial Services)(Brief
article)
As U.S. financial institutions face a November deadline by federal
regulators to implement a comprehensive identity-theft-prevention
program under the requirements of the Fair and Accurate . . .
Equifax launches mortgage risk evaluation tool.(Tech
Newz)
Atlanta-based Equifax Inc. has launched an analytical tool designed
to give mortgage investors deeper insights into mortgage borrower credit
behavior, with a new level of detail.
Equifax Mortgage . . .
Cogent Road launches new Funding Suite tax-information
feature.(Tech Newz)(Brief article)
San Diego-based Cogent Road Inc. announced it has launched a new
feature in its Funding Suite[R] credit-management platform, which
enables loan originators to quickly and securely . . .
Down the road: builder finance ultimately could become a viable
venture for mortgage bankers. Not, of course, right now, but onc
If there are, indeed, no obstacles, just opportunities, then the
next great opportunity for mortgage bankers may lie in helping builders
purchase ground, turn the land into lots and put up houses. . . .
Adjusting to new realities; commercial and multifamily real
estate is working through a market transition against the backdrop o
The year 2007 will be remembered for the many difficulties in the
U.S. economy--slow growth and the fear of a recession, the subprime
lending imbroglio and the bursting of the U.S. housing . . .
Mortgage foreclosures contribute to rental affordability
woes.(Commercial)
The impact of the current mortgage market turmoil has reached far
beyond single-family homeowners as rising foreclosures have contributed
to rental-affordability woes, according to a report by . . .
Data Verify adds MERS solution to detect undisclosed
mortgages.(Tech Newz)(Mortgage Electronic Registration Systems
Inc.)(Brief
Data Verify Inc., Chesterfield, Missouri, announced it has created
the first electronic integration with Reston, Virginia-based Mortgage
Electronic Registration Systems Inc. (MERS (R)) within its . . .
Zaio introduces Go Live 2008.(Tech Newz)
Scottsdale, Arizona-based Zaio Inc.--the U.S. subsidiary of Zaio
Corporation, Calgary, Alberta, Canada--announced Go Live 2008, a program
developed to bring "Zones" to live status quickly . . .
Strategic investing in distressed assets; Strong apartment demand
makes opportunistic investments in distressed multifamily asse
For investors with the required expertise and readily availabel
capital, distressed multifamily properties represent one of the best
real estate investment opportunities to emerge from the credit . . .
Industrial strength; A review of the how the
commercial/multifamily real estate finance industry is faring one year
into the sto
Firms involved in commercial real estate finance have had plenty of
experience with the ebbs and flows of capital. Many industry
participants remember the savings-and-loan (S&L) crisis of the . . .
Commercial/multifamily origination volume hits record in
2007.(Commercial)(Brief article)
Despite last year's midyear slowdown, the
commercial/multifamily originations market grew 19 percent in 2007, with
mortgage bankers closing $507.7 billion in commercial/multifamily loans,
according . . .
ISGN rebrands acquired companies.(Tech Newz)(ISGN Technologies
Ltd.)
ISGN Technologies Ltd., Bensalem, Pennsylvania, announced in May
that it is rebranding all its subsidiary companies.
Under the rebranding, mortgage software products providers
MortgageHub and . . .
KeyBank goes live with MortgageFlex LOS.(Tech Newz)(MortgageFlex
Systems Inc. and KeyBank Corp.)
Jacksonville, Florida-based MortgageFlex Systems Inc. announced
that Cleveland-based KeyBank Mortgage--a unit of KeyBank NA--has gone
live with the LoanQuest(TM) Residential Lending System for its . . .
The billion-dollar opportunity: commercial mortgage lenders may
be overlooking a revenue opportunity right under their noses. Ca
In these challenging times, banks, life insurers, pension funds and
other mortgage lenders looking for revenue should search no further than
their existing commercial lending groups. Settlement . . .
Reservations about the economy; hotel operating results are
strong, but a softening U.S. economy is the wild card in the hotel
i
The nation's lodging industry is poised to register a third
consecutive year of record net profits in 2008, according to the
Washington, D.C.-based American Hotel and Lodging Association (AHLA). . . .
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