Industry personnel news from Embrace Home Loans, Ardán, Freddie Mac, FirstFunding and Merchants Bank.
Tag: Merchants Bank of Indiana
Executives Discuss Their Challenges, Goals: #MBAServicing24
ORLANDO–Top executives from PennyMac Financial Services, Merchants Bank of Indiana, M&T Bank Corp., Mr. Cooper and Freedom Mortgage Corp. discussed the biggest challenges the mortgage servicing industry faces here at MBA’s Servicing Solutions Conference & Expo 2024.
Dealmaker: Merchants Capital Completes $214M Freddie Mac Transaction
Merchants Capital and Merchants Bank of Indiana, Carmel, Ind., completed a $214 million securitization of 14 multifamily mortgage loans secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-Series transaction.
Relationships Need to be Transformational, Not Transactional
The mortgage business is inherently transactional and cyclical, with ever-changing rates, high-highs and low-lows, and this trend is not expected to change any time soon. The circumstances due to the pandemic mirror those of the economic downturn in 2008, and in both situations, it was crucial to have formed two-way partnerships with others in the industry who had a vested interest in mutual success and propelling both businesses forward.
Dealmaker: Merchants Capital Provides $22M Construction Loan
Merchants Capital, Carmel, Ind., provided $21.5 million in financing for a Minneapolis apartment community currently under construction, The Bessemer at Seward Commons.
Dealmaker: Merchants Capital Arranges $25M for Indiana Mixed-Use
Merchants Capital, Carmel, Ind., secured $25 million in financing for mixed-use development River Point West, coming soon to Elkhart, Ind.