Loan servicer C-III Capital Partners has committed to put $10 million into commercial real estate services firm Grubb & Ellis Co. by investing in a line of credit issued earlier this year by Colony Capital.
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For several months Fannie Mae has insisted that it's not in the servicing business, but a recent 10-Q filing by the government-owned GSE reveals that it agreed to buy $74 billion of MSRs from Bank of America in the third quarter. No purchase price was disclosed.
December 2 -
New York Mortgage Trust (NYMT) said it plans to use the net proceeds from its recently priced common stock public offering to acquire certain of the company's target assets, including multifamily CMBS.
December 1 -
Further restrictions on new bank funding mean that the majority of European CMBS loans are still failing to repay at maturity, according to a Fitch Ratings report.
December 1 -
Treasury Secretary Tim Geithner late this week had a message for those hoping to water down last year's financial regulatory overhaul — it's not going to happen.
December 1 -
Massachusetts on Thursday sued the nation's five largest residential servicers, alleging their foreclosure practices were unlawful and deceptive.
December 1
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Standard & Poor's has assigned preliminary credit ratings to the series 2011-1 class A and B notes and the series 2011-2 class A notes issued under the principal-at-risk variable-rate note program Atlas VI Capital Ltd.
December 1 -
JG Wentworth is in the market with a $198 million structured settlement securitization.
December 1 -
CMBS data provider Trepp just released its November 2011 U.S. CMBS Delinquency Report today.
December 1 -
For the week ending Dec. 1, mortgage rates were little changed as reported by Freddie Mac's weekly survey.
December 1 - Europe
The Association for Financial Markets in Europe (AFME) has released best practice guidelines for non-investment grade debt issuers which, if adopted, are expected to materially improve disclosure and transparency.
December 1 -
Freddie Mac announced it has ordered all evictions involving foreclosed occupied single family and 2 to 4 unit properties that had Freddie Mac mortgages to be suspended from December 19, 2011 to January 2, 2012.
December 1 -
Early outlooks for 2012 suggested net organic supply at around $10 billion with an added volume of more than $78 billion coming from paydowns/sales from the GSE and U.S. Treasury portfolios.
December 1