![Banks expect to tighten loan standards for rest of 2023: Fed [Video]](https://s.yimg.com/ny/api/res/1.2/f4o7gfIRLwmHsK0Xc42t2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MzQ-/https://media.zenfs.com/en/aol_yahoo_finance_433/86efb8d3d4a046154477b1d6a3485036 "Banks expect to tighten loan standards for rest of 2023: Fed [Video]")
Banks tightened their lending standards for businesses and households in the second quarter and expect that to continue for the rest of 2023, according to a survey of loan officers conducted by the Federal Reserve. […]
As interest rates rise and growth slows for commercial lenders, investment in the back office is back with a vengeance. That’s great news for loan servicing operations, which look set to benefit in more ways […]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HQWR6PVDSVKFZEKIVGOSL7VHLI.jpg "US commercial property delinquencies rise further in July, report says")
[1/2]Buildings stand in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky July 26 (Reuters) – Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate […]
Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment […]
While Rithm Capital’s purchase of $1.4 billion of consumer loans from Goldman Sachs will assist with its diversification efforts, it can also help its mortgage lending business, a BTIG report said. The price paid was […]
Commercial real estate lending fell for the first time in two years last month amid tight credit conditions Debt on commercial property fell to $5.44 trillion in June, driven by a large drop in multifamily […]
ROCHESTER — Matthew Thomas Onofrio, a real estate investor who owns multimillion-dollar properties in Rochester, recently pleaded guilty to one count of federal bank fraud and forfeited $35.7 million stored in a Rochester bank. As […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Mortgage rates barely budged in June. Even so, motivated borrowers looking to purchase or […]
The nation’s preeminent developer of suburban commercial office space has modified and extended a $1.3 billion commercial mortgage-backed securities (CMBS) facility for a nearly 10 million-square-foot real estate portfolio, Commercial Observer has learned. Workspace Property […]
New York Senator James Sanders Jr. recently proposed Senate Bill 1450A (“S1450”), which would require those making or soliciting “commercial financing products” in New York State to obtain a license and comply with specified requirements. […]
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