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The future of mortgages is digital. Is your company ready?
News 2 hours ago
The future of mortgages is digital. Is your company ready?

As digitialization has taken over a larger portion of American's lives, it was only a matter of time before the componants of getting a mortgage...

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Hotel, suburban office outlook iffy for properties backing CMBS
News 6 hours ago
Hotel, suburban office outlook iffy for properties backing CMBS

The outlook for hotels and suburban offices remains questionable, but the prognosis for other property types in the securitized commercial real...

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Mortgage applications decrease in unstable week for rates
News 9 hours ago
Mortgage applications decrease in unstable week for rates

Interest rate swings during this past week resulted in a decline in both refinance and purchase mortgage applications compared with the previous...

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Nearly $42M in CMBS at risk in GameStop store shutdown: Morningstar
News 2 days ago
Nearly $42M in CMBS at risk in GameStop store shutdown: Morningstar

GameStop's plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property...

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5 mortgage servicing questions for BSI Financial CEO Gagan Sharma
News 2 days ago
5 mortgage servicing questions for BSI Financial CEO Gagan Sharma

Recent market shifts highlighted the need for servicers and subservicers to have diversified strategies in place that work in different interest...

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Multifamily loan concentration is no weakness, this bank says
News 2 days ago
Multifamily loan concentration is no weakness, this bank says

Malaga Financial in Palos Verdes Estates, Calif., is comfortable being contrarian. At a time when many community banks are determined to diversify...

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Home starts fall from 12-year high on multifamily drop
News 6 days ago
Home starts fall from 12-year high on multifamily drop

New-home construction in September pulled back from a 12-year high though the key single-family category was stable, signaling the housing market...

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Redwood Trust buys single-family rental lender CoreVest
News 1 week ago
Redwood Trust buys single-family rental lender CoreVest

Redwood Trust is adding to its single-family rental lending business by purchasing CoreVest American Finance Lender from its management team and...

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Has the FOMC solved the liquidity problem?
News 1 week ago
Has the FOMC solved the liquidity problem?

The volatility that has roiled the short-term money markets since December has raised questions as to whether the Federal Open Market Committee...

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Mortgage applications increase in spite of interest rate volatility
News 1 week ago
Mortgage applications increase in spite of interest rate volatility

Mortgage applications increased 0.5% from one week earlier, although interest rate instability affected consumers' ability to get the best price...

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Mortgages boost U.S. Bancorp in 3Q
News 1 week ago
Mortgages boost U.S. Bancorp in 3Q

Mortgage loans and fees helped U. S. Bancorp in Minneapolis offset margin pressures in the third quarter. Net income for the $487.7 billion-asset...

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Big Isle housing mixed; Kauai prices, sales drop
News 1 week ago
Big Isle housing mixed; Kauai prices, sales drop

Hawaii island's housing market turned in mixed results in September but the results were worse on Kauai where sales and prices fell for both single...

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Another conduit pool gets a slice of $1B Grand Canal Shoppes loan
News 1 week ago
Another conduit pool gets a slice of $1B Grand Canal Shoppes loan

A nearly $1 billion mortgage loan for a luxury Las Vegas retail center is again the centerpiece of a major-bank CMBS transaction. According to...

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NCB plans to buy delinquent FHA mortgages and get them back on track
News 1 week ago
NCB plans to buy delinquent FHA mortgages and get them back on track

National Cooperative Bank is starting a conduit to purchase Federal Housing Administration-insured mortgages that are at least 60 days' delinquent...

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Australian affordable-housing lender taps U.S. RMBS market
News 1 week ago
Australian affordable-housing lender taps U.S. RMBS market

An Australian nonbank institution tied to a state-run affordable housing program will issue part of a new domestic RMBS transaction in U. S....

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WeWork executive to lenders: Coworking isn't a ‘fad or trend’
News 1 week ago
WeWork executive to lenders: Coworking isn't a ‘fad or trend’

Real estate lenders shouldn't have a blanket policy against providing loans to landlords that count coworking companies such as WeWork as tenants,...

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FHA debt paydowns spur Moody's boost for New York-Presbyterian
News 2 weeks ago
FHA debt paydowns spur Moody's boost for New York-Presbyterian

A significant reduction of Federal Housing Administration insured debt landed New York-Presbyterian Hospital a bond upgrade ahead of a planned $500...

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Altisource to wind down FSBO real estate platform Owners.com
News 2 weeks ago
Altisource to wind down FSBO real estate platform Owners.com

Altisource Portfolio Solutions is adding its online "for sale by owner" real estate platform to the list of noncore businesses it is shutting. ...

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Sharp decline in Treasury rates boosts mortgage applications
News 2 weeks ago
Sharp decline in Treasury rates boosts mortgage applications

Mortgage applications jumped 5.2% from one week earlier as a drop in rates caused another surge in refinances, according to the Mortgage Bankers...

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Education needed to boost non-QM lending even with patch's end
News 2 weeks ago
Education needed to boost non-QM lending even with patch's end

Non-qualified mortgage originations have been on a growth spurt the last two years, growth that has been underpinned by standardization of product...

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The emergence of local real estate transfer taxes
News 2 weeks ago
The emergence of local real estate transfer taxes

Historically real estate transfer taxes have been established at the state level, codified in state law, and applied to all localities, counties...

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Bay Area housing, traffic have Facebook looking elsewhere for expansion
News 2 weeks ago
Bay Area housing, traffic have Facebook looking elsewhere for expansion

Facebook CEO Mark Zuckerberg said during a publicly broadcast Q&A with employees that his company is looking elsewhere for growth because of the...

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Blackstone's $5.6B CMBS largest single-borrower deal since crisis
News 2 weeks ago
Blackstone's $5.6B CMBS largest single-borrower deal since crisis

Blackstone Real Estate Partners is marketing $5.6 billion in bonds backed by a portfolio of mostly logistics and light industrial properties, in...

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WeWork problems highlight risks coworking poses for banks
News 2 weeks ago
WeWork problems highlight risks coworking poses for banks

The recent financial troubles of WeWork, the largest U. S. provider of shared office space, are raising questions about how banks' commercial real...

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Chateau hotel in Bloomington under new ownership on foreclosure judgment
News 2 weeks ago
Chateau hotel in Bloomington under new ownership on foreclosure judgment

The Chateau Hotel and Conference Center in Bloomington, Ill., is under new ownership after a judge agreed to enter a foreclosure judgment. At a...

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People on the move: Oct. 4
News 2 weeks ago
People on the move: Oct. 4

WEST, a Williston Financial Group company, has appointed Darcy Patch as vice president of marketing, lender services. With more than 20 years of...

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Economists reduce expectations on housing starts, price growth
News 2 weeks ago
Economists reduce expectations on housing starts, price growth

Real estate economists' outlook for single-family housing starts through 2021 weakened compared with six months ago even though they are relatively...

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DFW office construction increases as leasing activity slips in 3Q
News 2 weeks ago
DFW office construction increases as leasing activity slips in 3Q

Dallas-Fort Worth office leasing dipped in the third quarter, but year-to-date totals are still ahead of where they were in 2018. Expanding and...

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Slowing economy in 4Q will not hurt CMBS sector: Morningstar
News 3 weeks ago
Slowing economy in 4Q will not hurt CMBS sector: Morningstar

The commercial mortgage-backed securities sector will weather the fourth quarter's slowing but steady growth in the U. S. economy, as better loan...

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Mortgage rates fall back below 4%, driving increase in applications
News 3 weeks ago
Mortgage rates fall back below 4%, driving increase in applications

Mortgage applications increased 8.1% from one week earlier as conventional mortgage rates fell under 4% again, according to the Mortgage Bankers...

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