Homecomings Financial introduces online closing tool

National Mortgage Professional

Aug 28, 2007

Branch Banking and Trust Company to acquire Collateral Real Estate CapitalMortgagePress.comMortgage industry acquisitions BB&T Corporation has announced that its principal subsidiary, Branch Banking and Trust Company, is negotiating the acquisition of Collateral Real Estate Capital LLC (CREC) and expects to complete the transaction by the end of 2007. The combined company will have a commercial real estate servicing portfolio of more than $20 billion. Based in Winston-Salem, N.C., BB&T Corporation is a provider of commercial and retail banking and other financial services. For more information, call (800) 226-5228 or visit www.bbt.com. Collateral Real Estate Capital LLC is a commercial real estate finance company based in Birmingham, Ala. For more information, call (205) 978-1840 or visit www.collateral.com.

Link copied

Published

Aug 28, 2007

People On The Move

Keeping Current Matters Names Ratiu Chief Economist

Held similar positions with Realtor.com and NAR.

Keeping Current Matters (KCM), a Richmond, Va.-based market insight education and content provider for the real estate industry, said Thursday it has named George Ratiu the company’s chief economist. George RatiuRatiu brings decades of experience...

Analysis and Data

Fannie Mae: Banking System Instability Could Cause Recession

ESR Group says housing activity expected to remain subdued.

The U.S. economy will not see a repeat of the 2008 financial crisis this year, but a “modest recession” is still on the horizon, according to the latest projections by Fannie Mae’s Economic and Strategic Research (ESR) Group. The ESR Group on Friday revised upward its first...