Bershire, Mutual announce merger.Berkshire Mortgage Finance, a Boston-based national mortgage banking firm, today completed the $40 million acquisition of the Irvine, Calif.-based Bankers Mutual, making Berkshire the nation's largest privately-owned commercial mortgage banking firm, with a servicing portfolio of $10 billion with 1,500 loans in 45 states. Berkshire Mortgage Finance and Bankers Mutual, a division of Bay View Capital Corporation, are both commercial mortgage banking firms specializing in multifamily financing under the Fannie Mae Fannie Mae: see Federal National Mortgage Association. DUS DUS Driving Under Suspension (criminal charge) DUS Dwelling Unit (real estate) DUS Dynamic Underground Stripping DUS Dusseldorf, Germany - Dusseldorf (Airport Code) Program and the Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. Program Plus network. The combined entity originated over $2.5 billion from 12 origination offices last year. In 1999, Berkshire alone closed $2 billion in financing, less than 15 percent of which was in the state of California. Two of Berkshire's strategic goals have been to increase California loans and to become a dominant multifamily lender. Peter Donovan Peter Donovan is an accomplished bassist. He is the husband of performer Audra McDonald and father of Zoe Madeline. Peter is a graduate of the Juilliard School of Music in New York. He has a masters degree. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Berkshire Mortgage, said that this acquisition helps Berkshire meet both of these goals. Bankers Mutual originated a total of $1.7 billion in 1998 and 1999. over 95 percent of which was in California. |
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