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FDIC to sell $114B in MBS seized from failed regional banks 

Housing Wire

The Federal Deposit Insurance Corporation (FDIC) has decided, in a “gradual and orderly” move, to sell a portfolio of $114 billion in mortgage-backed securities (MBS) it retained after seizing control of failed regional banks Signature Bank and Silicon Valley Bank (SVB). To illustrate, SVB failed to raise capital to plug a $1.8

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Coldwell Banker Realty welcomes new Boston team

Housing Wire

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. also serves as a trustee at Watertown Savings Bank.

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Why Commercial Brokerages Like Cushman & Wakefield and JLL Are Hiring Chief Data Officers

Propmodo

Today, large companies in the insurance and banking industries are still the ones most likely to have chief data officers but the executive role has spread beyond those sectors. The commercial real estate industry, as well, is starting to ramp up its use of data science and with it we are seeing the appointment of more chief data officers.

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UWM offers legal support to brokers, accuses Rocket of ‘connections’ with Hunterbrook report

Housing Wire

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

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Why Did Citizens Bank in Iowa Collapse?

Marco Santarelli

Brokerages have suffered, with some even shutting down. Now, this trucking bloodbath has claimed an unexpected victim – Citizens Bank of Sac City, Iowa. According to the Federal Deposit Insurance Corporation (FDIC), Citizens Bank, a state-chartered bank with approximately $66 million in assets, has failed.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

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Women are making strides in commercial real estate

Real Trends

In recent years, more women have been making serious strides in commercial real estate, and women-owned businesses are on the rise. According to a 2020 Commercial Real Estate Women (CREW) report , women made up just 36% of the industry, while women holding executive positions only amounted to 9%. Diversity and inclusion efforts.