Banks unloading real-estate-owned properties face some tough choices, such as whether to auction off homes or sell them to investors, and whether to fix them up first. But whatever they decide, the real challenge is to avoid dragging down property values from their already-depressed 25% to 30% discounts.
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The 'qualified mortgage' rule that the Consumer Financial Protection Bureau (CFPB) is working on is expected to limit the kind of mortgages that lenders can make – but may also curb the size of the loans they originate as well.
April 16 -
In a report released today, Barclays Capital analysts said that the potential supply the Federal Reserve's planned sales of parts of its Maiden Lane III (ML III) portfolio should keep a lid on pricing for the AJ tranches on CMBS deals.
April 13 -
Commercial mortgage banker Walker & Dunlop, Bethesda, Md., has hired three new producers in its capital markets group.
April 13 -
Bank of America Corp. (BAC) is preparing to sell off hundreds of foreclosed homes in bulk as part of its ongoing effort to clear out its inventory of distressed assets.
April 13 -
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Mortgages slightly outperformed through Thursday as investors took advantage of cheapening that occurred in the early part of the week.
April 13 -
JPMorgan Chase reclassified $1.6 billion of mortgages as nonperforming loans at the urging of regulators — even though the loans are still in good shape, executives said Friday.
April 13 -
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, on Thursday sided with top regulators in saying they were unlikely to complete the Volcker Rule by its summer deadline."It is not clear at all that we will make the July deadline given the complexities," Plosser told reporters following a speech before the National Economist Club.
April 13 -
Total SLABS year-to-date issuance is $3 billion this year. which includes the most recent Sallie Mae offering, Standard & Poor's analysts said in an emailed market summary this morning.
April 13 -
It's no secret that nontraditional players have been gobbling up mortgage servicing rights on the cheap, shifting the power structure in a business that has rapidly seen its fortunes wane during the nation's housing depression.
April 13 -
Some of the biggest players in the CLO industry are embroiled in a contract dispute.
April 13 -
Aurelius Capital Master and UBS have withdrawn from suits against bond-insurer MBIA.
April 13
