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Industry Daily News
Mortgage Lending News Click to continue . . .
• CommercialLeads.net - Helping Brokers Adapt in Tough Economic Times
Commercial Mortgage Leads - Through CommercialLeads.net's Commercial Mortgage Leads program you can obtain cash flow deals of all types, refinance requests and more referred from Commercial Realtors, Title Reps, Appraisers and 16 other segments..
Commercialleads.net - Www.commercialleads.net,CommercialLeads.net,Jacksonville Beach Fl 02/09/2010
• Minnesota Bank Shuttered by Regulators
Multiple bank closures have become commonplace on Friday evenings, but last week, regulators shut the doors on just one institution – 1st American State Bank of Minnesota. The bank operated two local branches in Hancock, with $16.3 million in deposits and $18.2 million in total assets. It was acquired by Community Development Bank, also in Minnesota.
DSNews.com,Admin, 02/09/2010
• Bank of America Extends More Than $758 Billion in Credit During 2009
Bank of America extended more credit in 2009 than any other U.S. bank, according to the bank's fourth quarter Lending & Investing Initiative Report.
Released Friday, the report noted the extension of more than $758 billion in credit during 2009, including nearly $180 billion during the fourth quarter alone. The report outlines the bank's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development, and other initiatives.
DSNews.com,Admin, 02/09/2010
• ResCap`s Ditech Operations Relocating to Pennsylvania
GMAC Financial Services has announced plans to relocate its Ditech business, which is part of the company's mortgage subsidiary Residential Capital, LLC (ResCap), to the corporate center in Fort Washington, Pennsylvania. GMAC said Ditech "was not performing up to expectation in its previous configuration," and expects the move to improve operational efficiencies by leveraging a common infrastructure for both Ditech and GMAC Mortgage.
DSNews.com,Admin, 02/09/2010
• RE/MAX Dominates Twin Cities Metro Market in 2009
Despite the static housing economy, RE/MAX, a global real estate company based in Denver, earned No. 1 market share status in the Twin Cities 13-county metro for number of listings sold between January 1, 2009 and December 31, 2009.
In addition to earning No. 1 market share in the Twin Cities 13-county metro, RE/MAX agents proved to be the most productive agents in the metro for 2009, the company said.
DSNews.com,Admin, 02/09/2010
• Commercial Real Estate Lenders Looking to Rebuild Portfolios
The distressed commercial real estate market has made it difficult for potential property owners and opportunistic investors to secure funding for new deals, as widespread losses on such assets have led banks to shy away from extending credit in recent months. But according to new data from Jones Lang LaSalle that tide appears to have turned, with a growing number of lenders to the commercial real estate sector anticipating an increase in loan production this year.
DSNews.com,Admin, 02/09/2010
Industry Jobs & Resumes
Management Consultant
| Rank: -3398 CID: 110933 New: 01/29/2001 Mod: 01/29/2001 | ||
| Rank: -3651 CID: 109617 New: 10/18/2000 Mod: 10/18/2000 | ||
| Rank: -3989 CID: 3379 New: 03/05/1996 Mod: 03/05/1996 | ||
| Rank: -4118 CID: 62963 New: 02/09/1999 Mod: 02/09/1999 | ||
| Rank: -4138 CID: 84497 New: 11/16/1999 Mod: 11/16/1999 | ||
| Rank: -6125 CID: 84787 New: 11/29/1999 Mod: 11/29/1999 | ||
| Rank: -6711 CID: 44331 New: 04/22/1998 Mod: 04/22/1998 | ||