Fortress Investment Group is raising its commercial real-estate bets while that market remains down. The New York private-equity firm on Thursday said its funds have acquired CW Financial Services, one of the largest servicers of souring commercial mortgages packaged into bonds.
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The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
HousingWire CEO Clayton Collins sat down with Association of Independent Mortgage Experts Chairman Anthony Casa to discuss some of the most pressing issues pertaining to the housing industry as the coronavirus that causes COVID-19 continues to create uncertainty within the market. HW+ Premium Content