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5 mortgage servicing questions for BSI Financial CEO Gagan Sharma
News 3 weeks 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 3 weeks 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 4 weeks 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 4 weeks 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 4 weeks 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 4 weeks 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 4 weeks 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 4 weeks 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 month 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 month 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 month 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 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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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Blackstone targeted in Denmark as minister promises tougher laws
News 1 month ago
Blackstone targeted in Denmark as minister promises tougher laws

Denmark's new government said it plans to take on Blackstone Group Inc. and promised stricter housing laws after criticizing the U. S. firm for...

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Investors ease up on Hawaii commercial real estate purchases
News 1 month ago
Investors ease up on Hawaii commercial real estate purchases

Hawaii's commercial real estate market is taking a breather from record sales last year, a new report shows. Colliers International forecasts that...

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Multifamily lending jumps to record high, growth expected through 2020
News 1 month ago
Multifamily lending jumps to record high, growth expected through 2020

Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017's record to a new peak, according to the...

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GAO calls for more scrutiny of reverse mortgage servicing
News 1 month ago
GAO calls for more scrutiny of reverse mortgage servicing

The Federal Housing Administration should more closely monitor reverse mortgage servicers and track related data that would shed light on a rise in...

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