Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento. Calif., company because he believes its technology offers lenders a more efficient way to find customers. ... Read full article
Nonbanks are originating more commercial mortgages on fixer-uppers in response to a sharp drop in the cost of funding in the securitization market. These deals are said to be "vastly different" than other CRE instruments that sustained big losses ... Read full article
Stephen Sanger is expected to leave as nonexecutive chairman; Barry Rodrigues, a former Citigroup and American Express executive, will join the British bank in November. ... Read full article
