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Why this regional bank is dumping N.Y. multifamily loans
News 1 day ago
Why this regional bank is dumping N.Y. multifamily loans

People's United Financial in Bridgeport, Conn., has made progress repositioning its loan portfolio. The $51 billion-asset company has spent recent...

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Booming Southern Maine real estate market challenges homebuyers
News 1 day ago
Booming Southern Maine real estate market challenges homebuyers

Southern Maine's superheated real estate market is presenting challenges to first-time homebuyers and expanding businesses, but shows no signs of...

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Housing starts surged last month to highest in 13 years
News 2 days ago
Housing starts surged last month to highest in 13 years

Groundbreakings on new homes surged in December to a 13-year high, giving the housing market momentum heading into the new year amid low mortgage...

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Why mortgage lenders should start looking harder at AI, big data
News 2 days ago
Why mortgage lenders should start looking harder at AI, big data

Mortgage companies have been slow to adapt as secondary-market buyers, vendors and other types of lenders embrace advances in artificial...

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Application activity gains with purchases at a 10-year high
News 4 days ago
Application activity gains with purchases at a 10-year high

Mortgage application activity increased 30.2% from one week earlier as purchases were at their highest level in over a decade along with...

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$1 condos for sale in Palm Beach County? It's true and here's why
News 4 days ago
$1 condos for sale in Palm Beach County? It's true and here's why

Jon Leiberman rarely plays the lottery but he felt like he won it this past June. That's when he became aware of $1 condos for sale at Hunters Run...

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A fast 2020 start for RMBS: four deals totaling $2B
News 4 days ago
A fast 2020 start for RMBS: four deals totaling $2B

Residential mortgage-backed securitizations are off to a brisk 2020 start - in both agency and non-agency deals. According to presale reports,...

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Mortgage origination income goes in opposite direction at Chase, Wells
News 4 days ago
Mortgage origination income goes in opposite direction at Chase, Wells

Fourth quarter gain on sale margin moved in opposite directions at two of the nation's largest banks, falling 9% quarter-over-quarter at JPMorgan...

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Austin developer wins foreclosure reprieve, but told clock is ticking
News 5 days ago
Austin developer wins foreclosure reprieve, but told clock is ticking

Recent bankruptcies by four entities controlled by Austin real estate investor Nate Paul are either ploys to keep his operations afloat as long as...

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Massive Dallas-area development threatened with foreclosure
News 5 days ago
Massive Dallas-area development threatened with foreclosure

A lender that provided more than $388 million to finance one of Plano's biggest real estate developments has filed to foreclose on the project....

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CMBS delinquency rate reaches its lowest point since early 2009
News 1 week ago
CMBS delinquency rate reaches its lowest point since early 2009

The delinquency rate for commercial mortgage-backed securities ended 2019 at its lowest point in nearly 11 years, aided by increased issuance and...

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CRE lending expected to hit record high in 2020, despite challenges
News 1 week ago
CRE lending expected to hit record high in 2020, despite challenges

Bolstered by a high demand by both lenders and borrowers, 2020's commercial and multifamily loan volume is anticipated to shoot well past last year...

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Google quietly expands in New York in wake of Amazon's stumble
News 1 week ago
Google quietly expands in New York in wake of Amazon's stumble

If Amazon.com's botched expansion in New York City offers a cautionary tale, Google is showing there's another way. The Alphabet Inc. unit has...

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Traverse City property to be auctioned
News 1 week ago
Traverse City property to be auctioned

A very visible piece of Traverse City real estate will go on the auction block next week. Local developer Patti Mercer acquired three adjacent lots...

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People on the move: Jan. 10
News 1 week ago
People on the move: Jan. 10

BlackFin Group has welcomed Lloyd Booth as COO and CTO to the company. Booth joins BlackFin Group with over 30 years of mortgage technology...

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Fed's Brainard delivers sharp rebuke of CRA revamp plan
News 1 week ago
Fed's Brainard delivers sharp rebuke of CRA revamp plan

A Federal Reserve governor on Wednesday issued a rebuke of several key elements of a new proposal to overhaul enforcement of the Community...

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Bankruptcy filing forestalls foreclosure on former 3M campus in Austin
News 1 week ago
Bankruptcy filing forestalls foreclosure on former 3M campus in Austin

The former 3M corporate campus in Northwest Austin has averted foreclosure. The entity that owns the property, which is controlled by Austin real...

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Mortgage application volume down even with lower rates
News 1 week ago
Mortgage application volume down even with lower rates

Mortgage applications decreased 1.5% on a seasonally adjusted basis from two weeks earlier amid the annual end-of-year slowdown despite lower rates...

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Development firms to build affordable housing with Hawaii's help
News 1 week ago
Development firms to build affordable housing with Hawaii's help

A development partnership is positioned to start building a low-income housing tower in Pawaa (a neighborhood in Honolulu) later this year...

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Goldman sponsors $1.33B conduit CMBS offering backed by 52 loans
News 1 week ago
Goldman sponsors $1.33B conduit CMBS offering backed by 52 loans

Goldman Sachs is sponsoring a $1.33 billion bond offering backed by commercial mortgages, in the first rated conduit deal of the year. GS Mortgage...

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Developer turns to controversial federal program for pair of projects
News 1 week ago
Developer turns to controversial federal program for pair of projects

A Charlotte, N. C., developer detailed plans to build apartments and commercial space through a federal tax program that has faced scrutiny in...

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$449M bridge-loan pool marks first CMBS of the new year
News 1 week ago
$449M bridge-loan pool marks first CMBS of the new year

Bridge REIT LLC is sponsoring a $449.6 million bridge-loan securitization backed mostly by transitional multifamily properties. According to a...

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Securitized FHA loans for seniors ebb as private products grow
News 1 week ago
Securitized FHA loans for seniors ebb as private products grow

New securitizations backed by Home Equity Conversion Mortgages fell 14% in 2019 as interest in originating proprietary products increased,...

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Talks underway for future of former Fireman's Fund office site
News 1 week ago
Talks underway for future of former Fireman's Fund office site

The long-vacant Fireman's Fund office complex in Novato, Calif., might become the site of a mixed-use development with potential use as office...

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Corporate bonds to top mortgages again in 2020, JPMorgan says
News 1 week ago
Corporate bonds to top mortgages again in 2020, JPMorgan says

High-grade corporate bonds bested mortgages by a wide margin in 2019 and are likely to outperform them again this year, according to JPMorgan Chase...

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Middle East uncertainty could cause mortgage rates to fall
News 2 weeks ago
Middle East uncertainty could cause mortgage rates to fall

Instability among foreign relations typically drags down long-term interest rates and the latest crisis with Iran could be a catalyst for a drop in...

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Mass. transfer fee for big real estate deals to get push next week
News 2 weeks ago
Mass. transfer fee for big real estate deals to get push next week

A group of Massachusetts lawmakers, local elected officials and housing advocates plan to launch a new coalition next week to advocate for real...

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Average mortgage rates show stability entering 2020
News 2 weeks ago
Average mortgage rates show stability entering 2020

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than...

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New Jersey's mortgage servicing law is about to kick into high gear
News 2 weeks ago
New Jersey's mortgage servicing law is about to kick into high gear

The Department of Banking and Insurance in New Jersey is warning that enforcement of a 2019 residential mortgage servicer licensing law will begin...

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Mortgage review hangs heavy over Michigan bank's new CEO
News 3 weeks ago
Mortgage review hangs heavy over Michigan bank's new CEO

Loan concentrations can be acceptable when all is well, but they can cause heartburn when something goes sideways. Sterling Bancorp in Southfield,...

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