Real Estate: Mortgage

Walter Investment Management Corp. Reaches Agreement With Term Lenders And Senior Noteholders On Financial Restructuring

Through consummation of the transactions contemplated in the RSAs, the Company expects to reduce its outstanding corporate debt as of June 30, 2017 by approximately $700 million and enhance its financial flexibility as it continues the ongoing transformation of its business. In addition to the recoveries to the Company's Lenders and Noteholders, as described below, the RSAs also contemplate a recovery for the holders (the "Convertible Noteholders") of the Company's 4.50% convertible senior...

Published on .

Walter Investment Management Corp. Announces First Quarter 2017 Highlights And Financial Results

FORT WASHINGTON, Pa., May 10, 2017 -- Walter Investment Management Corp. (NYSE: WAC) today announced GAAP net income for the quarter ended March 31, 2017 of $1.9 million, or $0.05 per share, as compared to a GAAP net loss of $172.7 million, or $4.85 per share for the quarter ended March 31, 2016. The 2017 first quarter net income included a $42.0 million after tax, or $1.14 per share, gain on the sale of the principal insurance agency and substantially all of the insurance agency...

Published on .

Wall Street Fraud Watchdog Now Urges a EB-5 Visa Investor Especially from China or Europe to Use Their Due Diligence Service to Ensure a Regional Center Is Not Also the Untruthful Developer

WASHINGTON, Sept. 19, 2017 () -- The Wall Street Fraud Watchdog says, "We are appealing to a person in China, Europe or in South America who is about to invest $500,000 or more into a EB-5 Visa investment to make certain the Regional Center is not one in the same as the developer trying to get money for their poorly planned real estate deal, business opportunity, or a hotel development. As we would like to discuss at 866-714-6466, a Regional Center's song and dance about a great...

Published on .

Walker & Dunlop's Servicing Portfolio Surpasses $70 Billion

Stephen Theobald, Walker & Dunlop's Chief Financial Officer, commented, "What's really exciting is that as we have dramatically grown the servicing portfolio over the past five years, from just over $30 billion in 2012 to $70 billion in 2017, the rate of growth has accelerated and the average servicing fee has continued to increase."  As the corresponding graph shows, Walker & Dunlop added each incremental $10...

Published on .

Walker & Dunlop Launches New Website

Walker & Dunlop Chairman and CEO, Willy Walker, stated, "As Walker & Dunlop approaches its 80th anniversary, we are pleased to introduce a new brand and website that reflect our leadership position in the commercial real estate finance industry. Our rebranding efforts not only highlight the strength and scale of the platform we have worked so hard to build, but they also position us well for the future as we work to achieve our stated mission of becoming the premier commercial real estate...

Published on .

Walker & Dunlop Achieves "Top Five" Strategic Goal

BETHESDA, Md., April 11, 2017 -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that it was ranked by the Mortgage Bankers Association as the fourth largest multifamily lender with the U.S. Department of Housing and Urban Development (HUD) in 2016, achieving the Company's strategic objective set in 2012 to become a top-five loan originator with Fannie Mae (#2 in 2016), Freddie Mac (#3 in 2016), and HUD by 2017.  "We set the ambitious goal of becoming a top-five...

Published on .

Visual Analysis Shows Coastal Risk Consulting's New Flood Risk Model Matched Actual Flooding From Irma

PLANTATION, Fla., Sept. 14, 2017 () -- Coastal Risk Consulting LLC, the only online source for comprehensive flood risk assessments for property owners, today released its side-by-side analysis of flooding at the J.W. Marriott Hotel on Brickell Avenue in Miami, showing Coastal Risk's projection of the hotel's storm surge risk matched real-time images of Hurricane Irma's actual impact. ...

Published on .

Visionet’s CD2UCD Added to Fannie Mae’s Uniform Closing Dataset Technology Solution Provider List

Visionet’s CD2UCD Added to Fannie Mae’s Uniform Closing Dataset Technology Solution Provider ListVisionet Systems has completed file validation to enable submission of electronic loan data to Fannie Mae’s UCD collection solution. Cranbury, NJ, July 02, 2017 --(PR.com)-- Visionet Systems, a leading provider of technology solutions and Business Process Outsourcing services for the mortgage industry, has completed file validation to enable submission of electronic loan data to Fannie...

Published on .

Visionet Leverages Robotic Process Automation (RPA) to Enhance VisiRecording Productivity by 40%

CRANBURY, N.J., Oct. 9, 2017 () -- Visionet Systems, Inc. announced the unveiling of their newly enhanced VisiRecording product suite, which synthesizes their industry-leading assignment and release preparation with traditional mortgage recording tracking. A live demonstration of VisiRecording will take place at Booth # 1123 at the Mortgage Bankers Association Annual Convention & Expo 2017. With assignment, release preparation, and...

Published on .

Virtual StrongBox Racks Up Two More Patents for Its Secure Customer Engagement Platform

CHARLOTTE, N.C., Sept. 15, 2017 () -- Virtual StrongBox, Inc. has earned two more patents – its fifth and sixth in just over two years. The patents relate to the Company's consumer engagement platform, which transforms legacy data to speak to the digital consumer while providing end-to-end security and total information privacy for sensitive information. Together, these new patents recognize the unique way Virtual StrongBox gathers information from the digital consumer and protects...

Published on .

Ventura Marketing Agency Collects Easter Baskets for Kids Combatting...

the NALA If you are in Santa Barbara, you can also donate directly at the office of the Teddy Bear Cancer Foundation, but for those in Ventura, stop by the NALA and drop off an Easter treat. Past News Releases RSS Ventura, CA March 31, 2017 The NALA, a boutique marketing agency headquartered in Ventura, CA, is calling on the community to get involved in an Easter donation drive to benefit its charity partner, the Teddy Bear Cancer Foundation (TBCF), a nonprofit 501(C)(3) organization...

Published on .

Vantage Production Says 'Aloha' to New Client

Leading Hawaii mortgage lender selects VIP from Vantage Production to enhance marketing capabilities and drive continued growth Press Release - updated: Oct 20, 2017 10:00 EDT RED BANK, N.J., October 20, 2017 - Vantage Production, LLC, a leading provider of mortgage industry sales and marketing automation solutions powered by CRM data, announced today that its VIP marketing platform has been selected by American Savings Bank (ASB) in Hawaii. “At ASB, we are committed to making banking easy....

Published on .

Vantage Production and LendingQB Announce Platform and Software Integration

Press Release - updated: Sep 28, 2017 11:27 EDT RED BANK, N.J., September 28, 2017 - Vantage Production, LLC, a leading provider of mortgage industry sales and marketing automation solutions, announced today that its VIP solution will be integrated with the LendingQB loan origination software (LOS). "The Vantage Production and LendingQB integration will enable us to automate common tasks, allowing shared clients to immediately reap many of the core benefits of our two products," said Todd Ballenger,...

Published on .