The share of severely underwater mortgages shrunk by over two percentage points compared with a year ago, as these borrowers benefited from the rise in equity levels, Attom Data Solutions said.
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A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.
December 4 -
ACAM 2019-FL1 is a $400.27 million portfolio of commercial mortgage assets, consisting of whole loans as well as senior pari-passu participations in real estate loans or notes from 21 obligors.
December 4 -
According to presale reports, Ohana Real Estate Investors is sponsoring a $370 million bond sale backed by an interest-only, floating-rate loan financing its purchase of the Monarch Beach Resort in Dana Point, Calif.
December 4 -
Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.
December 3 -
The notes, raised to BBB from BBB-, had been placed on watch for a possible upgrade in mid-November after the fitness chain issued $550 million in a new 2019 notes offering through the Planet Fitness Master Issuer trust.
December 3
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Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.
December 3 -
The latest deal, WFCM 2019-C54, involves 44 loans secured by 88 properties, with a heavy exposure to office (32%), multifamily (21.1%) and retail (17.9%) properties.
December 3 -
The agency announced changes meant to reduce compliance costs and allow some institutions to provide estimates rather than disclose exact prices for international money transfers.
December 3 -
According to Moody's, Ally's latest auto-loan ABS will not require the issuer to repurchase loans with modified terms or maturities.
December 3 -
The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule.
December 2 -
The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule.
December 2 -
Loan defect risk in purchase applications stopped falling and plateaued in October, according to First American Financial Corp.
December 2