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FHA plans to raise mortgage limits in most areas
News 2 months ago
FHA plans to raise mortgage limits in most areas

The Federal Housing Administration's loan limits will generally increase 5% next year, but changes in the composition of statistical areas will...

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Purchase application index at highest level since July: MBA
News 2 months ago
Purchase application index at highest level since July: MBA

Purchase mortgage application activity is at its highest level since this summer on a seasonally adjusted basis, and should remain strong in...

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SoCal resort's new owners plan $370M CMBS to finance acquisition
News 2 months ago
SoCal resort's new owners plan $370M CMBS to finance acquisition

The new owners of the Monarch Beach Resort, a once star-crossed Southern California luxury hotel, are tapping the commercial mortgage...

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Wells Fargo marketing 7th conduit CMBS in $669.8M deal
News 2 months ago
Wells Fargo marketing 7th conduit CMBS in $669.8M deal

Wells Fargo is sponsoring a new $669.8 million commercial mortgage securitization, its seventh conduit transaction of 2019. The latest deal, WFCM...

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FHA's strong financial showing points the way on policy
News 2 months ago
FHA's strong financial showing points the way on policy

Last month HUD published its annual FHA Actuarial Report. The report shows extremely strong financial performance - with reserves against losses of...

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Indiana multifamily housing proposals fail to get state funding
News 2 months ago
Indiana multifamily housing proposals fail to get state funding

Proposals by a couple of firms that sought support from Washington Ind. officials to get special housing credits to finance the projects were...

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Related Cos., partners gaining $1.1B in cash-out equity via CMBS
News 2 months ago
Related Cos., partners gaining $1.1B in cash-out equity via CMBS

The developers of one of the newest office towers on the Far West Side area of Manhattan are getting back most of the building's $1.3 billion...

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GSE limit for single-family loans to surpass $500K in 2020
News 2 months ago
GSE limit for single-family loans to surpass $500K in 2020

Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, with the maximum for most...

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Rising average mortgage rates won't harm real estate activity
News 2 months ago
Rising average mortgage rates won't harm real estate activity

Mortgage rates resumed their upward movement this week, but it's not putting a damper on real estate sales activity, noted Freddie Mac. "Following...

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Mortgage applications increase as rates stay under 4%
News 2 months ago
Mortgage applications increase as rates stay under 4%

Mortgage application activity rose 1.5% compared with one week earlier as interest rates remained below 4%, according to the Mortgage Bankers...

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Mortgage servicer Provident Funding debuts its own prime-jumbo shelf
News 2 months ago
Mortgage servicer Provident Funding debuts its own prime-jumbo shelf

Provident Funding, a large-scale servicer of agency-eligible mortgages, is sponsoring its first-ever transaction of its own prime-jumbo loan...

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Why credit unions need a higher appraisal threshold for mortgages
News 2 months ago
Why credit unions need a higher appraisal threshold for mortgages

Since I assumed the chairmanship at the National Credit Union Administration over seven months ago, I've made reforming outdated regulations one of...

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Neuberer Berman, PIMCO add $752M to non-QM RMBS pipeline
News 2 months ago
Neuberer Berman, PIMCO add $752M to non-QM RMBS pipeline

Private funds operated by Neuberger Berman Investment Advisors and PIMCO have launched non-qualified mortgage securitizations to close before year...

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Pondering the future of private-label mortgage-backed securities
News 2 months ago
Pondering the future of private-label mortgage-backed securities

The market for Securities and Exchange Commission registered mortgage-backed securities has been moribund since 2008. In an effort to revive this...

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Refi boomlet pushed October's mortgage prepays to six-year high
News 2 months ago
Refi boomlet pushed October's mortgage prepays to six-year high

Mortgage prepayment levels were at their highest in over six years during October, as existing homeowners took advantage of the lower rates to...

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Amherst markets first SFR MBS transaction of 2019
News 2 months ago
Amherst markets first SFR MBS transaction of 2019

American Residential, a two-year-old firm formed to acquire, renovate, lease and manage single-family rental housing, is sponsoring its first SFR...

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5 questions for former GSE regulator Armando Falcon
News 2 months ago
5 questions for former GSE regulator Armando Falcon

A fully digital mortgage may lie in the mortgage industry's future, but while strides have been made, widespread adoption of this process remains...

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Nationstar launches next inactive HECM deal
News 2 months ago
Nationstar launches next inactive HECM deal

Nationstar's next securitization of defaulted or inactive home equity conversion mortgages (HECMs) will have a higher-than-average exposure to...

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Tax-exempt Fannie Mae multifamily green paper finds an audience
News 2 months ago
Tax-exempt Fannie Mae multifamily green paper finds an audience

The first multifamily tax-exempt mortgage-backed bonds to qualify for the Fannie Mae's Green Rewards program were oversubscribed when they priced...

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Blackstone taps CMBS market for CA apartment portfolio
News 2 months ago
Blackstone taps CMBS market for CA apartment portfolio

Blackstone Real Estate Partners is securitizing a new $343 million commercial mortgage that financed the parent firm's recent acquisition of a...

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New Orleans property owners can expect a slight dip in rates
News 2 months ago
New Orleans property owners can expect a slight dip in rates

Months after a citywide reassessment caused property values to shoot up across New Orleans, its likely impact on taxpayers' wallets is becoming...

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Orange County task force calls for $160M affordable housing fund
News 3 months ago
Orange County task force calls for $160M affordable housing fund

Orange County's Housing For All task force has unveiled a 10-year plan to add tens of thousands of new homes and establish for the first time a...

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Potential housing mandates take California coastal cities by surprise
News 3 months ago
Potential housing mandates take California coastal cities by surprise

Newport Beach needs to approve 4,800 new housing units over the next decade. Historically, that would take about 40 years, said Seimone Jurjis,...

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Home prices soar to another record in Colorado Springs
News 3 months ago
Home prices soar to another record in Colorado Springs

A record-setting spring and summer for Colorado Springs home prices have given way to a record-setting autumn. The median price of single-family...

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News 3 months ago
Mortgage rates rise as bond investors shift to riskier assets

Mortgage rates rose modestly this week as investors have a more positive view of the economy and so they are moving money out of the bond market,...

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Too much business for lenders reduces customer satisfaction
News 3 months ago
Too much business for lenders reduces customer satisfaction

Consumer mortgage originator satisfaction scores fell in the second quarter as lenders had to work through the increase in application activity, a...

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JPMorgan leads 'next little big thing' in mortgage-risk market
News 3 months ago
JPMorgan leads 'next little big thing' in mortgage-risk market

JPMorgan Chase & Co. may be leading the next trend for banks seeking to shift risk away from their mortgage portfolios - if regulators give Wall...

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Mortgage applications increased even as interest rates moved up
News 3 months ago
Mortgage applications increased even as interest rates moved up

Mortgage applications increased from one week earlier, although conforming loan interest rates moved back over 4%, according to the Mortgage...

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New conventional products broaden mortgage credit availability
News 3 months ago
New conventional products broaden mortgage credit availability

Mortgage credit availability increased in October from the previous month, as mortgage lenders increased their conventional loan product offerings,...

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Century Park towers in LA featured in $825M SASB deal
News 3 months ago
Century Park towers in LA featured in $825M SASB deal

The owners of a twin-tower office complex in Los Angeles' Century City neighborhood are securitizing a newly issued refinance mortgage for the 44...

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