Turning foreclosed properties into rentals on a mass scale will reduce "some of the fears that an avalanche of distressed properties" will rattle the housing market, according to a new report from Wells Fargo Securities (WFS).

March 2
1 Min Read
  • The CMBS new-issue pipeline is still growing. This week adds a new $1.4 billion single-loan deal backed by the Ala Moana Center mall in Honolulu, Hawaii.

    April 25
  • The national delinquency rate continued its downward slide in 2012, falling to just over 7% at March 31, down 6% from the month prior, according to new figures compiled by Lender Processing Services (LPS) for its First Look Mortgage Monitor report.

    April 25
  • After coming to grips with the dimensions of two critically important and related mortgage rules, federal regulators have decided that one should be finalized before the other: the qualified mortgage (QM) test.As result, the Consumer Financial Protection Bureau (CFPB) will go first and finalize the QM rule, ultimately determining which loans are safe enough for consumers while shielding lenders from litigation provided they adhere to predetermined underwriting standards.

    April 25
  • While mortgage rates declined to their lowest levels in the Mortgage Bankers Association's (MBA) survey history for the week ending April 20, refinancing activity did not see a corresponding increase.

    April 25
  • The Supreme Court of the State of New York held a hearing on the $8.5 billion Countrywide Financial Corp. settlement case this afternoon.

    April 24
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