Maverick Funding Corp., Parsippany, N.J. has hired away Joshua Shein, the CEO of reverse lender Great Oak Lending (GOL), who brings with him to his new employer roughly 30 employees including 11 loan officers.
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In a departure from recent tender offers in Europe, Spain’s Bankia had a higher-than-expected take-up, according to a release by Barclays Capital analyst Dipesh Mehta.
March 28 -
CRE Finance Council Europe (CREFC Europe) has appointed Peter Denton as chair-elect of the group.
March 28 -
Freddie Mac purchased $37.6 billion of residential loans from its seller/servicers in February, a 10% increase from the prior month, and a sign perhaps that Bank of America's recent decision to quit Fannie Mae is helping Freddie.
March 27 -
Dallas-based Metropolitan Capital Advisors (MCA), has successfully secured a permanent financing package with a CMBS lender for the refinance of the Sunwest portfolio—a collection of 25 single and multi-tenant properties scattered across 8 states.
March 27 -
Prudential Financial Insurance (PFI) is marketing a new hybrid deal that according to market reports is backed by subprime residential mortgage backed securities and guaranteed by the insurer.
March 27
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FirstEnergy of Ohio is said to be prepping a $500 million securitization of deferred energy costs.
March 27 -
Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.
March 27 -
Investors who purchase distressed loans at a discount are among those in a good position to sense how problem assets might best be resolved, and one of these players believes more aggressive refis and mods and fewer government constraints on lending could help.
March 27 - Europe
Italian leasing asset-backed securities (ABS) performance deteriorated in the three-month period leading to January 2012, according to the latest index report published by Moody's Investors Service.
March 27 -
State Street Global Markets' Investor Confidence Index(ICI) for March 2012 showed that the outlook of both American and European institutional investors improved.
March 27 -
The CRE Finance Council Europe and Ernst & Young released a joint European commercial real estate lending tax guide.
March 27 -
Nomura Securities analysts said that since the start of 2012, they have seen an issuance surge in equipment ABS sector with roughly $3.7 billion issuance across five deals versus $1.65 billion issued in the first three months of last year.
March 26
