Opus Bank Announces $22.3 Million of Multifamily Loan Fundings in Seattle …SunHerald.comIRVINE, Calif. — Opus Bank (the “Bank”) announced today that its Income Property Banking Group funded ten loans, totaling $22.3 million, secured by multifamily residential properties located in the Seattle/Puget Sound metropolitan area during the …Opus Bank Announces Openings of Banking Offices in Encino, [...]
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Opus Bank Announces $22.3 Million of Multifamily Loan Fundings in Seattle … – SunHerald.com
February 22nd, 2012 
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Tags: 22.3, Announces, Bank, Fundings, Loan, million, MultiFamily, Opus, Seattle, SunHerald.com 
No Comments »Apartment Loan Performance Leads CMBS Improvement
February 21st, 2012 admin Led by improving multifamily performance, past-due payments on securitized commercial mortgages retreated — though so did the overall amount outstanding. Delinquency of at least 60 days on loans that are part of conduit-fusion commercial mortgage-backed securities was 2 basis points better during January than in December. But late payments on securitized commercial mortgages have worsened [...]
Posted in Uncategorized Tags: apartment, CMBS Improvement, leads, Loan, Performance No Comments »Distressed Loan Servicer Reports Phenomenal Growth
February 21st, 2012 admin A mortgage servicer that specializes in distressed loans has seen its staff nearly triple over the past six months. Wingspan Portfolio Advisors was launched in 2008 by Chief Executive Officer Steve Horne. By October 2009, Horne employed 39 employees. As of last September, headcount at Wingspan Portfolio Advisors had grown to 500, Horne said in [...]
Home Loan Performance Improves in January
February 21st, 2012 admin The first month of 2012 was a good month for homeowners, with fewer borrowers falling behind on their payments. A reduction in the rate of newly delinquent borrowers more than offset a bump in the foreclosure rate. Residential delinquency was down for the second consecutive month in January. The 30-day rate, including foreclosures, was 14 [...]
Mortgage Fraud Defendant Claims Lender Lost Nothing on Securitized Loan
February 19th, 2012 admin One of two defendants who have already pleaded guilty to defrauding Countrywide Home Loans on a $760,000 mortgage claims that because the loan was securitized, Countrywide didn’t face any losses. The strategy is intended to avoid a prison sentence. If the federal judge in the case agrees, the process of prosecuting mortgage fraud defendants — [...]
Posted in Uncategorized Tags: claims, defendant, Fraud, Lender, Loan, Lost, Mortgage, NOTHING, Securitized No Comments »
