Two powerful direct mail marketing secrets revealed

Mar 22, 2007

Metropolitan Funding Corporation forms Metrofund GroupMortgagePress.comMetrofund Group Metropolitan Funding Corporation (MFC) has formed the Metrofund Group, a full-service commercial real estate lending platform. The joint venture has arranged $160 million in initial capital and will focus on bridge, transitional and mezzanine loans. Investors include affiliates of Greenwich, Conn.-based hedge fund Sagecrest and principals of New York-based developer Merchant Equity Group. New York-based MFC is an approved U.S. Department of Housing and Urban Development/Federal Housing Administration multifamily accelerated processing lender and full-service commercial real estate mortgage banking firm. For more information, call (212) 983-1500 or visit www.metropolitanfunding.com.

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Mar 22, 2007

Analysis and Data

A Decade Passed And The Homes Got Younger

New construction makes its way especially into certain U.S. cities, while borrowers purchasing more new housing stock

The median age of U.S. homes is now 45 years — think of a house built in 1980 — which is four years newer than the median home age a decade ago. Look closer, though, and you’ll find very different stories across particular states' and cities' markets. A new study from Pr...

Analysis and Data

IMBs Report Modest Losses Amid Rising Costs In Late 2024

Falling percentage of mortgage companies reporting a pre-tax net financial profit

Independent mortgage banks (IMBs) and the mortgage divisions of chartered banks reported an average pre-tax net loss of $40 per loan in the fourth quarter of 2024, a sharp reversal from the $701 per-loan profit recorded in the previous quarter, according to new data from the...