Banking Sussex Bank, in Franklin, has appointed Adriano M. Duarte to first vice president/treasury manager. He previously held manager roles in the accounting and financial reporting areas at Investors Bank. He holds a...
Other specific highlights compared with 2011 Third Quarter: * 3.38% net interest margin, up 4 basis points * 14% annualized growth in average core deposits * 2% annualized growth in average total loans,...
Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking...
* Net income of $81.7 million for 2011, compared to $62.9 million for 2010. This represents an increase of $18.8 million, or 29.87%. Diluted earnings per common share were $0.77. * 4(th) Quarter...
CHICAGO -- PNC Financial Services Group, Inc. (PNC) reported a surprising 40% drop in net income on a sequential basis, mainly driven by large one-time items related to mortgage foreclosure-related expenses and the...
Jim Houlihan and Steve McCulloch of Houlihan Parnes Realtors an affiliate of Q10 capital, LLC, announced that, on behalf of Post Road Realty LLC, they have renegotiated and increased the debt on a...
The winners of the real estate industry's most coveted awards, The Real Estate Board of New York's (REBNY's) Most Ingenious Deal of the Year Awards, were unveiled in April at the Commercial Sales...
Fourth Quarter Earnings Per Common Share Were $1.84 NEW YORK -- The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $28.81 billion and net earnings of $4.44 billion for the...
NEW YORK -- Fitch Ratings has issued a presale report on FREMF 2012-K705 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates, series K-705. Fitch expects to rate the transaction and assign...
Significant challenges hit the commercial real estate finance market in the last two years, but 2011 saw significant recovery and progress over the previous year. Mortgage bankers are optimistic that 2012 will be...
NEW YORK -- Link to Fitch Ratings' Report: JP Morgan Chase Commercial Mortgage Securities Corp., Series 2006-LDP9 -- U.S. CMBS Focus Performance Report http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=666912 Fitch Ratings has published its U.S. CMBS Focus Performance...
NEW YORK -- Fitch Ratings upgrades Holliday Fenoglio Fowler, L.P.'s (HFF) commercial mortgage-backed securities (CMBS) primary servicer rating to 'CPS2' from 'CPS2-'. Additionally, Fitch affirms its special servicer rating of 'CSS3'. HFF's primary...
Second appointment as independent CRE CDO manager BOSTON & NEW YORK & WASHINGTON -- CWCapital Investments LLC ("CWCI"), a subsidiary of CW Financial Services LLC ("CWFS"), and a leading real estate debt and...
NEW YORK -- Fitch Ratings has affirmed GEMSA Loan Services' (GEMSA) commercial mortgage-backed securities (CMBS) primary servicer ratings at 'CPS1' and master servicer rating at 'CMS1-'. The primary and master servicer ratings are...
NEW YORK -- Fitch Ratings has issued a presale report on Goldman Sachs Mortgage Company's GS Mortgage Securities Trust 2012-GC6. Fitch expects to rate the transaction and assign Outlooks as follows: --$65,525,000 class...
NEW YORK -- Fitch Ratings has downgraded 40 bonds in 25 U.S. commercial mortgage-backed securities (CMBS) transactions to 'D', as the bonds have incurred a principal write-down. The bonds were all previously rated...
Kinecta Federal Credit Union is bullish on the San Diego housing market. The Manhattan Beach-based credit union opened a new mortgage lending center in Rancho Penasquitos last month and plans to open a...
NEW YORK -- Late-pays for U.S. CREL CDOs finished the year at a lower level than in 2010, according to the latest index results from Fitch Ratings. CREL CDO delinquencies for December came...
CHICAGO -- Fitch Ratings has downgraded four and affirmed 17classes of Merrill Lynch Mortgage Trust (MLMT), series 2006-C1, commercial mortgage pass through certificates. A detailed listing of rating actions follows at the end...
NEW YORK -- Fitch Ratings has upgraded one class and affirmed 14 classes of GMAC Commercial Mortgage Securities, Inc., series 2003-C2 (GMAC 2003-C2) commercial mortgage pass-through certificates. A detailed list of rating actions...