Vishal Garg will no longer lead Better, the company has announced. Processing Content The founder and former CEO was replaced Monday, days before the company is scheduled to post its second quarter results. Newly tapped board member Daniel Lewis, a hedge fund boss, will replace Garg as CEO on an interim basis immediately, the company […]
Better replaces Vishal Garg, taps hedge fund boss as CEO Read More »
Zions Bancorporation has completed its purchase of the agency multifamily lending platform owned by Basis Multifamily Finance I, including staff and mortgage-servicing rights. Processing Content The price paid, as well as other terms of the deal, were not disclosed. The deal was first announced in March. Basis Multifamily Finance I was a subsidiary of Basis
Zions closes Basis buy, expanding agency multifamily Read More »
Initial reaction to the FHA’s proposed test of a partial claim alternative: worth trying, but not every servicer will want in. Processing Content That fits in with the terms of the five-year demonstration project the FHA has floated, which would be open to all and voluntary. If the test moves forward, various types of servicers
FHA partial claim test incentives may miss small servicer costs Read More »