LMF Commercial, a commercial mortgage lending subsidiary of homebuilder Lennar, reportedly told employees October 21 that it was shutting down lending operations.Commercial Observer reported the development October 26, citing multiple sources familiar with the...
First Citizens Bank has completed one of the larger U.S. bank branch transfers of the year, taking control of 138 BMO locations across 11 states and adding approximately $5 billion in deposits to a balance sheet that already exceeds $225 billion. The acquisition...
New data from the Mortgage Bankers Association (MBA) is estimating commercial real estate mortgage borrowing and lending in 2024 totaled $498 billion, up by 16% from the $429 billion in 2023 but down by 39% from the $816 billion recorded in 2022. MBA tracked $411...
The Mortgage Bankers Association (MBA) reported that commercial and multifamily mortgage delinquencies increased in the first quarter of this year. Within this sector, the delinquency rate was highest for commercial mortgage-backed securities (CMBS) at 3%, an increase...
The U.S. Attorney’s Office for the District of Massachusetts announced the arrest and indictment of a couple in connection with a scheme to defraud commercial lenders by providing fraudulent documents. Louis R. Masaschi, 57, and his wife Jeanette Norman, 56,...
Altisource’s Foreclosure Auction Inventory Surges as Service Revenue …
