General Electric Capital Real Estate is exiting a significant portion of its commercial real estate platform, as Blackstone and Wells Fargo announced they are purchasing a total of $23 billion in assets.
Standard & Poor's eased its rating standards for bonds tied to home loans in an effort to drive business in the summer of 2012, the DealBook claims. While business has grown since then, the ratings giant is now facing criticism over its less stringent criteria.
Capital One agreed to acquire Beech Street Capital, an originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans. Beech Street was founded in 2009 and originated approximately $4 billion in loans in 2012.
Multifamily mortgage originations helped commercial/multifamily origination volumes grow 25% in the second quarter from the year-ago period, according to the Mortgage Bankers Association’s quarterly survey. It...
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More