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Business Newsletter Real Estate Business Newsletter | August 2024 COMMERCIAL Trimont will acquire Wells Fargo’s commercial mortgage servicing (CMS) business. This acquisition will bring roughly $475B in loans to Trimont, positioning the firm as the largest loan servicer in the U.S. once the deal closes in early 2025, as Trimont’s U.S. portfolio will reach $640B in loans, representing 11% of the country’s CRE lending market. https://www.credaily.com/briefs/trimont-to-acquire-wells-fargos-475b-cre-loan-servicing-portfolio/ […]
Business Newsletter Real Estate Business News Update – July 2024 COMMERCIAL  8% Of U.S. Office Buildings Are Taking Majority Of Tenant Activity. Only a sliver of office properties are successful in attracting tenants today, a sharp acceleration of the flight-to-quality trend since the pandemic. Fearing Losses, Banks Are Quietly Dumping Real Estate Loans. If landlords can’t pay back loans on office buildings, the lenders will suffer. […]
Business Newsletter Real Estate Business News Update – May 2024 1) NATIONAL ASSOCIATION OF REALTORS (NAR) AGREES TO PAY $418 MILLION TO SETTLE LAWSUITS REGARDING SELLER COMMISSIONS https://apnews.com/article/national-association-of-realtors-agent-commissions-lawsuits-d62a66cb80639be3c4c3b429053a22c5   As part of the settlement, NAR agreed to rule changes expected to go into effect by July: – MLS listings will be prohibited from including offers of broker compensation. Real estate professionals can still discuss compensation with […]
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