This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
W S
Investments / The Ticker

Bank of America Merrill Lynch offers nontraded REIT

/ Print / Reprints /
| Share More
/ Text Size+

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
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus