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  • Chronos Solutions acquires UPF Services

    Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition. Click the headline to read what this means for their mortgage business.

Investments The Ticker

Bank of America Merrill Lynch offers nontraded REIT

In a first, brokers with a major national firm, Bank of America Merrill Lynch (BAC), are selling an investment long associated solely with independent-contractor broker-dealers: Nontraded real estate investment trusts.

The firm's 17,500 registered representatives and advisers a month ago began selling the Jones Lang LaSalle Income Property Trust (JLL).

Bank of America Merrill Lynch is the first major wirehouse to sell such trusts and has so far raised about $50 million from clients.

Source: Investment News
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