SunTrust, BB&T could become CRE lending powerhouse in the Southeast

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SunTrust, BB&T could become CRE lending powerhouse in the Southeast BB&T’s acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to data provider CrediFi.

 · If you agree that the new entity will stand to become a super-regional powerhouse in the Southeast, then moving on SunTrust makes a lot of sense right now. A bank for all environments Jordan Wathen (U.S. Bancorp): If there’s one thing prospective bank investors should know, it’s that most banks look equal in good times, but the best differentiate themselves when economic conditions take a turn.

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SunTrust, BB&T could become CRE lending powerhouse in the Southeast Mortgage applications drop for second consecutive week suntrust banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at.

Toronto home prices steady as short supply offsets mortgage woes Toronto’s housing market continues to settle into a new normal as sales and prices changed little in September. Home sales climbed a seasonally adjusted 0.2 per cent from August to 6,455, 1.9.

SunTrust, BB&T could become CRE lending powerhouse in the Southeast. National Mortgage News

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Combined, SunTrust and BBT would be the second largest informal bank in mortgages, with CRE loans representing 12% of sum lending and home loans accounting for 27%. The dual companies’ position in blurb genuine estate could be a churned blessing for them, given concerns about nonbank competitors and rising delinquencies, among other things. But their change piece bearing to a zone is limited, according to CrediFi.

BB&T and SunTrust both operate in the southeast United States, with branch networks that cross paths in most major southern cities. In the image below, BB&T branches are blue; SunTrust’s are red.

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