The majority of transactions in San Francisco have been led by real estate investment trusts, followed by pension fund advisors and offshore capital, which accounted for about 20 percent of buyers, according Eastdil Secured managing director Louis Stervinou. . "The fundamentals have improved, and we're seeing better income levels in hotels," Stervinou said at a panel hosted by the Urban Land Institute and as reported by the Business Times. "With all the liquidity in the market, we're seeing more interest from opportunity funds that want to put their money in key markets.". . . 
Share:  The majority of transactions in San Francisco have been led by real estate investment trusts, followed by pension fund advisors and offshore capital, which accounted for about 20 percent of buyers, according <span class="company">Eastdil Secured</span> managing director Louis <span class="analyst">Stervinou</span>. . <span class="sent">"The fundamentals have improved, and we're seeing better income levels in hotels," <span class="analyst">Stervinou</span> said at a panel hosted by the Urban Land Institute and as reported by the Business Times.</span> "With all the liquidity in the market, we're seeing more interest from opportunity funds that want to put their money in key markets.". . . Tweet this   read full story

Wells Fargo ( WFC ) is facing a decline in mortgage loan demand and mortgage banking revenue, but the bank stands ready to quickly cut its expenses as volume declines. Wells Fargo has emerged as a big winner from the financial crisis, becoming the nation's dominant mortgage lender, with a 27.7% share of newly originated loans during 2012. Much of Wells Fargo's mortgage growth has come at the expense of Bank of America ( BAC ). 
Share:  Wells Fargo ( <span class="company">WFC</span> ) is facing a decline in mortgage loan demand and mortgage banking revenue, but the bank stands ready to quickly cut its expenses as volume declines. Wells Fargo has emerged as a big winner from the financial crisis, becoming the nation's dominant mortgage lender, with a 27.7% share of newly originated loans during 2012. Much of Wells Fargo's mortgage growth has come at the expense of Bank of America ( BAC ). Tweet this   read full story

Wells Fargo ( WFC ) has been the most successful among major U. S lenders in growing its credit card business over the past year, and the bank is poised for a more aggressive growth push later this year, according to Citigroup analyst Donald Fandetti. Following a recent meeting with Visa ( V ). CFO Byron Pollitt, Fandetti in a note to clients said the payment processor's management was "particularly constructive on affluent credit spend and reiterated that this segment has driven virtually all of their US credit growth over the past two years.". Fandetti added that the Visa team believes "equities and housing drive affluent spend, with equities being the more important of the two.". There's no question that we're in a hot stock market, with the Dow Jones Industrial Average returning 13% year to date through Wednesday's close, while the S&P 500 Index has returned 14% 
Share:  <span class="sent">Wells Fargo ( WFC ) has been the most successful among major U. S lenders in growing its credit card business over the past year, and the bank is poised for a more aggressive growth push later this year, according to Citigroup analyst Donald Fandetti.</span> Following a recent meeting with Visa ( V ). CFO Byron Pollitt, Fandetti in a note to clients said the payment processor's management was "particularly constructive on affluent credit spend and reiterated that this segment has driven virtually all of their US credit growth over the past two years.". Fandetti added that the Visa team believes "equities and housing drive affluent spend, with equities being the more important of the two.". There's no question that we're in a hot stock market, with the Dow Jones Industrial Average returning 13% year to date through Wednesday's close, while the S&amp;P 500 Index has returned 14% Tweet this   read full story