AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Workout Firm Does Construction Loans.
Mobile, AL -- Vadium Group here is a new firm founded by mortgage industry veteran Joel Pate that dares to go where many fear to tread: single-family construction loans gone bad.
But Mr. Pate and his team bring more than curiosity to the single-family construction asset management and loss mitigation world. The companys leaders have a background in doing construction loans, having worked on more than 10,000 such loans. Mr. Pate personally oversaw the construction and sale of more than 500 homes earlier in his career with homebuilder Miranda Development. He has also been involved in over $100 million of construction loans and over $1.3 billion of residential lending.
The company, which had just nailed down its first client as MSN went to press, has modest goals. Mr. Pate said hed like the firm to manage about 1,000 transactions within the next year.
Every different loan has its own story, he said. We think the intellectual capacity and experience that we ...
- Fitch Formalizes Rating Policy for Construction Loans.
- Magazine article from: National Mortgage News January 9, 2006 700+ words
...default rates on construction loans show close correlations...stressed market, construction loans are likely to experience...to service CRE construction loans." (c) 2006...SourceMedia, Inc. All Rights Reserved. http://www...
- Construction Loans Get Fitch Criteria.
- News wire article from: Mortgage Line February 13, 2006 700+ words
...director Joe Kelly. "CRE construction loans are secured by collateral...qualified by Fitch to service CRE construction loans." (c) 2006 Mortgage Servicing...and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews...
- Fitch Rates Construction Loans.
- Magazine article from: National Mortgage News January 16, 2006 700+ words
...director Joe Kelly. "CRE construction loans are secured by collateral...qualified by Fitch to service CRE construction loans." (c) 2006 National Mortgage...and SourceMedia, Inc. All Rights Reserved. http://www.nationalmortgagenews...
- One Calif. CU Forced To Put Lid On Construction Loans.
- News wire article from: Banking Wire Bartlett, Michael October 3, 2008 700+ words
...million in home construction loans that have been...moratorium on home construction loans," he continued...back into home construction loans." (c) 2008...SourceMedia, Inc. All Rights Reserved. http://www...
- Building New CMBS With Construction Loans.
- Magazine article from: Investment Dealers' Digest May 16, 2005 700+ words
...backed securities market: construction loans. JPMorgan isn't the...attempt to securitize construction loans, but the speculative...a diversified pool of construction loans, by property type, borrower...SourceMedia, Inc. All Rights Reserved. http://www.iddmagazine...
- Construction Loans May Add More Growth to 2006 CMBS Totals.
- News wire article from: Mortgage Line Thangavelu, Poonkulali January 31, 2006 700+ words
...of securitizing construction loans gives me heartburn...associated with construction loans. Ms. Diamond...securitization of construction loans as a concept that...SourceMedia, Inc. All Rights Reserved. http://www...
- Construction Financing that Focuses on Product.(construction loans at...
- Magazine article from: Origination News Harmon, Jennifer July 1, 2004 700+ words
...the country, which also handles construction loans for homebuyers nationwide. "We...enhancements to our 'one-close' construction loans that offers buyers more flexibility...documentation programs. The company offers construction loans through its retail origination offices...
- Construction Loans Sink Integrity.
- Magazine article from: National Mortgage News September 8, 2008 700+ words
...billion bank and 50% of those construction loans were seriously delinquent...5 million in residential construction loans and another $211.8 million...and SourceMedia, Inc. All Rights Reserved. http://www.nationalmortgagenews...