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Colorado Springs home prices have some real estate agents worried
News 4 hours ago
Colorado Springs home prices have some real estate agents worried

A new report shows Colorado Springs home prices remain among the nation's most expensive, which some local real estate agents worry is hurting the...

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Bronx apartments portfolio takes lead role in new $1.2B Morgan Stanley CMBS
News 1 day ago
Bronx apartments portfolio takes lead role in new $1.2B Morgan Stanley CMBS

Morgan Stanley will market bonds backed by a commercial-mortgage portfolio with a large exposure to office properties as well as high...

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Mortgage rates keep slipping as market jitters continue
News 1 day ago
Mortgage rates keep slipping as market jitters continue

Mortgage rates slipped this week, as the stock market sell-off resulted in investors moving into bonds which drove the 10-year Treasury yield down,...

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End of a New Residential subservicing agreement to benefit Ocwen
News 2 days ago
End of a New Residential subservicing agreement to benefit Ocwen

The cancellation by New Residential of a money-losing subservicing agreement should benefit Ocwen's financial results going forward, the company...

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Mortgage application volume up, poised for more growth next week
News 2 days ago
Mortgage application volume up, poised for more growth next week

Mortgage application volume rose last week, but with the 10-year Treasury yield tanking in recent days, growth in refinancings for the current...

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A double whammy is primed to dampen small-cap CRE market expansion
News 2 days ago
A double whammy is primed to dampen small-cap CRE market expansion

They say on Wall Street that bull markets do not die of old age. The same might be said of the commercial real estate market, which has experienced...

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FHA seeks fast action on foreclosure-sale proposal
News 3 days ago
FHA seeks fast action on foreclosure-sale proposal

The Department of Housing and Urban Development asked mortgage servicers and other stakeholders to respond quickly to a proposed set of foreclosure...

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JPMorgan sees a mortgage revival after years of quiet losses
News 3 days ago
JPMorgan sees a mortgage revival after years of quiet losses

A year ago, JPMorgan Chase had just set a U. S. banking profit record, but the leaders of one of its most quintessential businesses were far from...

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Black Knight creates model to measure CMBS prepayment risk
News 4 days ago
Black Knight creates model to measure CMBS prepayment risk

Black Knight introduced a model to gauge prepayment speeds and credit risk for investors that purchase commercial mortgage-backed securities. Black...

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Motto Mortgage tops $1B in annual volume in third year
News 1 week ago
Motto Mortgage tops $1B in annual volume in third year

Franchisees of Remax Holdings' Motto Mortgage combined to originate over $1 billion in loans in the organization's third year of operations. The...

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Trump to name former HUD official as FHA commissioner
News 1 week ago
Trump to name former HUD official as FHA commissioner

WASHINGTON - President Trump intends to nominate Dana Wade as commissioner of the Federal Housing Administration, the White House said Thursday....

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Properties in mortgage default reach 15-year low
News 1 week ago
Properties in mortgage default reach 15-year low

For the first time in 15 years, fewer than 2 million mortgaged properties lie in default or foreclosure status as of the end of January, according...

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Multifamily loans highlight small-balance CRE lender's $400M securitization
News 1 week ago
Multifamily loans highlight small-balance CRE lender's $400M securitization

A collection of older Bronx apartment buildings owned and managed by a prominent investor in rent-controlled New York residential properties...

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Quontic's new mortgage product is a no verification streamlined refi
News 1 week ago
Quontic's new mortgage product is a no verification streamlined refi

Quontic, a New York-based Community Development Financial Institution, rolled out a streamlined non-qualified mortgage refinance product that will...

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Fewer conventional refis cause drop in application volume
News 1 week ago
Fewer conventional refis cause drop in application volume

A dip in conventional mortgage refinance demand drove mortgage application volume down compared with one week earlier, according to the Mortgage...

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Homebuilding permits rise to highest since 2007
News 1 week ago
Homebuilding permits rise to highest since 2007

New-home construction remained robust in January and applications to build jumped to the highest level since 2007 as low mortgage rates and a solid...

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Citigroup taps CMBS to partially finance $400M N.Y. luxury apartment mortgage
News 1 week ago
Citigroup taps CMBS to partially finance $400M N.Y. luxury apartment mortgage

Citigroup plans to market bonds backed by a sponsor's leasehold interest in a recently constructed luxury apartment building in New York's Midtown...

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Pimco sees 'hidden' value in mortgages that lured record to ETF
News 2 weeks ago
Pimco sees 'hidden' value in mortgages that lured record to ETF

As the hunt for yield intensifies, investors including Pacific Investment Management Co. see an attractive opportunity in mortgage bonds. The...

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Recent deal surge filling up non-QM RMBS pipeline
News 2 weeks ago
Recent deal surge filling up non-QM RMBS pipeline

Non-qualified mortgage loan securitization was one of the fastest-rising sectors when it came to private-label activity in 2018 and 2019. For 2020,...

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Mortgage rates rise for the first time in four weeks
News 2 weeks ago
Mortgage rates rise for the first time in four weeks

Mortgage rates ticked up slightly, marking the first increase in four weeks, but they remain at levels which encourage borrowers to refinance,...

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Refinance mortgage applications reach highest level since 2013
News 2 weeks ago
Refinance mortgage applications reach highest level since 2013

Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to...

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As employment remains strong, so does mortgage loan performance
News 2 weeks ago
As employment remains strong, so does mortgage loan performance

Mortgage delinquencies dropped to a 40-year low in the fourth quarter as strong employment bolstered borrowers' ability to make timely payments,...

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Big mortgage lenders are flirting with disaster
News 2 weeks ago
Big mortgage lenders are flirting with disaster

History dictates that playing the long game is a winning strategy. Those who have the discipline to stay consistent - even if that means taking on...

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Affordable housing cuts, CFPB funding: Takeaways from Trump budget
News 2 weeks ago
Affordable housing cuts, CFPB funding: Takeaways from Trump budget

WASHINGTON - The Trump administration wants to eliminate several affordable housing programs and force some independent agencies to seek...

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Others may follow the GSEs’ early move on Libor exit
News 2 weeks ago
Others may follow the GSEs’ early move on Libor exit

The government-sponsored enterprises' plan to cease accepting loans pegged to the London interbank offered rate a year ahead of its scheduled...

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Multifamily and CRE lending moves at a record-breaking pace
News 2 weeks ago
Multifamily and CRE lending moves at a record-breaking pace

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial...

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Simon to buy Taubman for $3.6 Billion to fight retail slump
News 2 weeks ago
Simon to buy Taubman for $3.6 Billion to fight retail slump

Simon Property Group agreed to buy rival shopping-mall operator Taubman Centers for about $3.6 billion, a combination that comes as e-commerce...

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Mortgage rates fall again, portending strong purchase demand
News 3 weeks ago
Mortgage rates fall again, portending strong purchase demand

Mortgage rates continued their slide this week, which along with positive economic news should continue to pump up purchase demand, according to...

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Don't eliminate ability to repay — reform it
News 3 weeks ago
Don't eliminate ability to repay — reform it

Over the last few weeks, we have seen a flurry of activity dealing with the expiration next year and potential replacement of the so-called GSE QM...

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FHFA singles out Ginnie MSRs in tightening counterparty requirements
News 3 weeks ago
FHFA singles out Ginnie MSRs in tightening counterparty requirements

The Federal Housing Finance Agency plans to raise standards for nonbank conforming loan servicers, particularly those who perform the function for...

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