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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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. . . .
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 . . .
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). . . .
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 . . .
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 . . .
The Life insurance: lifeline: life insurers are still actively
lending in the commercial/multifamily real estate markets. But
th
At the beginning of this year, when Henry Schwendimam, a principal
with Q10/Bonneville Mortgage Co., a Salt Lake City-based provider of
commercial real estate financing, was asked what kind of 2008 . . .
Locked Up.(Cover Report: Commercial / Multifamily)
It wasn't long ago that commercial real estate investors could
easily finance their purchases with conduit loans. But now conduit
lending has dried up, and conduit issuance is down to a trickle . . .
Calender of events.(Calendar)
July-October 2008
July 2008
July 8-9 Standard & Poor's Fifth Annual Asset-Backed
Commercial Paper Conference, New York
. . .
NeighborWorks America CEO Kenneth D.
Wade.(Newsmaker)(Interview)
As chief executive officer of Washington, D.C.--based NeighborWorks
[R] America, Kenneth D. Wade oversees the multimillion--dollar grant
programs and training activities that support a national . . .
Insuring the American dream.(Executive Suite)
As a lifelong baseball fan, I love the movie Field of Dreams. Near
the end of the film, James Earl Jones delivers a monologue that I find
inspiring each time I hear it: "The one constant through . . .
The Ticker.(Statistical table)
Company Ticker Price Close Price Close
symbol 5/30/08 4/30/08
Indymac Bancorp Inc. 1MB 1.89 . . .
Global Financial Services joins First Houston Mortgage.(Briefing
Book)(Brief article)
Houston-based First Houston Mortgage--a mortgage banking firm
licensed in 18 states--announced that Global Financial Services, a
Bethesda, Maryland--based mortgage lending and financial services . . .
FBI: mortgage fraud, identity theft to escalate.(Briefing
Book)(Federal Bureau of Investigation )
Mortgage fraud continues to be an escalating problem in the United
States even as sub-prime mortgage issues remain a key factor in
influencing mortgage fraud, both directly and indirectly, . . .
MBA paper seeks to clarify roles of mortgage banker,
broker.(Briefing Book)(Mortgage Bankers Association)(Brief
article)
The recent turmoil in the mortgage and housing markets that has
brought renewed attention to the mortgage origination process has
prompted the Mortgage Bankers Association to release a new policy . . .
OFHEO notes accelerating Q1 home-price decline.(Briefing
Book)(Office of Federal Housing Enterprise Oversight )
The average price for a home in the United during the first quarter
of 2008 continued its decline at an accelerated rate from previous
quarters, according to the Office of Federal Housing . . .
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