A mortgage brokerage is planting deeper roots in Orange County with an office buy that doubles as a headquarters move. West Capital Lending purchased a five-story, 104,380-square-foot office building at 17911 Von... Read more »
IPA Capital Markets, a division of Marcus & Millichap, finalized the $44-million financing of two luxury multifamily properties in Los Angeles. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Blvd. in... Read more »
West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in... Read more »
Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, has closed on two floating-rate senior mortgage loans totaling $74.23 million in Southern California. The financings include an industrial... Read more »
FivePoint Holdings is committing to land banking with its latest partnership. Irvine-based FivePoint is teaming up with Blue Owl Capital to buy up to $1.7 billion of land in the U.S. housing... Read more »
“At Capital One, we believe that safe, affordable housing is the foundation for financial and economic success — unlocking opportunities to save, build wealth and achieve lasting financial resilience,” Metrakas said in... Read more »
Another Los Angeles-area retail center traded hands. Brixton Capital acquired The Quad at Whittier for $100 million, the Los Angeles Business Journal reported. The Solana Beach-based real estate investor and operator bought... Read more »
Essex Capital Markets, LLC, announced the refinancing of a two-property, 90-unit multifamily portfolio located in Chicago’s Lincoln Park neighborhood on behalf of a longtime ownership group that owns and operates under the... Read more »
The groups said the existing framework was designed after the financial crisis to strengthen bank resilience. But they argue the mortgage market has changed significantly since then. Reforms such as the Ability-to-Repay... Read more »
Banks currently apply a 250% risk weight to MSRs, while mortgages held on balance sheets generally receive a standard 50% risk weight. While regulators intended these requirements to limit excessive bank concentration... Read more »