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EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

This has resulted in the company closing branches and laying off loan officers on the retail side. “We still have retail, but we do believe that wholesale has the longest runway of growth and opportunity for us.” “Wholesale is growing. It’s a shift that is happening in the market.

Retail 369
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Private Investors Seeking Retail Real Estate

McKissock

For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. . Why Private Investors Want Commercial Real Estate. Experienced investors could be easier to work with than residential clients in some ways.

Retail 73
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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 374
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Go Mortgage sues former capital markets director for ‘corporate sabotage’

Housing Wire

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts.

Mortgage 361
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Demand for home loans climbs despite surging mortgage rates 

Housing Wire

In addition, loan officers said that investors took advantage of a slower market. retail residential mortgage applications. Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior.

Mortgage 376
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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. Swimming in Success: Restaurant and Retail Space. To match the girth of American commercial real estate, it would take 7.2

Retail 158
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Mortgage applications jump 8.5% as Russia’s war pressures rates

Housing Wire

retail residential mortgage applications. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the “war in Ukraine spurred an investor flight to quality, which pushed U.S. The survey, conducted weekly since 1990, covers over 75% of all U.S. Treasury yields lower.” the previous week.

Mortgage 370