Wells Fargo to buy $1.6 billion loan portfolio from ING Real Estate Finance

A year ago, the company reported profits of $1.6 billion. Wachovia’s option ARM portfolio of loans made under the Pick-a-Pay brand, a group of loans that allowed customers to pay less than the full.

In an endeavor to drive up soft mortgage revenues, Wells Fargo. to $195 billion by third-quarter 2015 from $115 billion in first-quarter 2014. As loan origination calls for a much challenging job.

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ING Real Estate Finance inked a deal to sell 29 commercial real estate loans with an outstanding principal balance of $1.6 billion to Wells Fargo (WF). The sold off portion, which is entirely.

Wells Fargo outbid Bank of America, Capital One and TD Bank and reached an agreement to buy a portfolio of ING Real Estate Finance’s 29 U.S loans with a total outstanding balance of $1.6 billion. The sale amounts to approximately 50 percent of ING’s U.S. portfolio.

ING Real Estate Finance Announces Sale of USD 1.6 Billion of U.S. Commercial Real Estate Loans to Wells Fargo Bank, N.A. Divestment is Continuation of ING’s Strategy to Manage Down U.S. Property.

Blackstone and Wells Fargo Buy GE Real Estate Assets for $23B By Damian ghigliotty premium. finance. Wells Fargo Buys ING’s $1.6 Billion Loan Portfolio By Alessia Pirolo Premium. A Thank-You Note By Tom Acitelli Premium. Leases. Industrial.

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Refinancings, most notably the $2.3 billion mortgage on the GM Building, dominate The Real Deal’s ranking of the biggest commercial real estate loans recorded in New. Deutsche Bank, Wells Fargo,

NEW YORK (TheStreet) — JPMorgan Chase (JPM – Get Report) and Wells Fargo (WFC – Get Report. and servicing of 1 to 4 family residential real estate loans contributed to operating revenue of $168.4.

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ING Real estate sells .6 billion loan Portfolio to Wells Fargo. 50% of ING Real Estate’s total U.S. loan portfolio, according to its statement.. and head of ING Real Estate Finance Western.

Wells Fargo to buy .6 billion loan portfolio from ING Real Estate Finance Treasury committing $1 billion more to fight blight, help struggling borrowers Redfin Mortgage expands to Washington, D.C.

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The 10 largest real estate loans recorded in July add up to more than $2.5 billion in deals. refinanced part of their massive Upper Manhattan rental portfolio known as the Putnam. Wells Fargo lent.