Homecomings Financial introduces online closing tool

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.

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Aug 28, 2007

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...