Advertisement
Home About Us Contact Us Magazine Subscribe
Welcome to DSNews.com—delivering stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry. Wed Feb 08, 2012
Investors Lenders & Servicers Service Providers Attorneys & Title Companies Agents & Brokers

CIT

Survey: CRE Down Payments Shut Out 1 in 5 Small Business Owners

By Carrie Bay | 11/01/2010

Distressed conditions in the commercial real estate market combined with historically low interest rates present an opportunity for small business owners looking to grow their businesses, but many are finding themselves locked out of potential deals. According to the results of a nationwide survey published by CIT Group Inc., nearly one in five small business owners say they don't have the cash to cover the down payment needed to secure a traditional bank loan for acquiring commercial real estate.
Read More

Freddie Mac's Former CEO Joins Business Lender CIT

By Carrie Bay | 07/29/2010

David M. Moffett has been named to the board of directors at CIT Group Inc., a century-old middle market business lender that emerged from Chapter 11 just seven months ago after filing for bankruptcy in November 2009. Moffett served as CEO of Freddie Mac for a very short period during one of the most tumultuous times in the GSE's history, from when it was placed into conservatorship by the federal government in September 2008 to March 2009.
Read More

Recent News
Advertisement
Advertisement

Are you getting your Daily Dose?

Sign up for daily e-mail updates.

Contribute

Do you have a news tip, story idea, or suggestion for DSNews.com or DS News magazine?

Simply e-mail editor@dsnews.com.

Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution!


Advertisement
Our Community
Archive
Industry Resources
About Us

Since its launch, DS News magazine has positioned itself at the forefront of an evolving industry. Always current with the most up-to-date default servicing news, DSNews.com keeps you informed through daily Web casts, community forums, and a wide range of industry resources.

Home About Us Contact Us Magazine Subscribe