The FHFA is allowing Fannie Mae and Freddie Mac to invest in the credits for the first time since they entered conservatorship. Its purpose is to promote affordable housing in underserved markets.
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The collateralized loan obligation market is ending the year at nearly full throttle with nearly $18 billion in new deal/refi volume month-to-date, with more on the way.
December 20 -
Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.
December 19 -
A £366.2 million mortgage on 127 industrial properties is being used as collateral for a transaction called Taurus 2017-2 UK DAC.
December 19 -
The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.
December 19 -
Risks include a high geographic concentration and a not insignificant exposure to loans that have either been rehabbed or are now delinquent.
December 18
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The first refinancing, in January, was primarily intended to extend the life of the post-reinvestment period deal; this time, the manager is also lowering the interest paid.
December 18 -
The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.
December 18 -
The two Democratic lawmakers sent a letter Monday to the four largest servicing companies asking them to address borrower complaints.
December 18 -
The 2-million-square-foot office complex in Tempe, Ariz., was acquired by JDM Partners and Transwestern Investment Group in a sale-and-leaseback agreement.
December 18 -
Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.
December 17 -
The Alpharetta, Ga.-based manager of Hilton, InterContinental, Marriott and other branded hotels recently obtained a $600 million mortgage from three banks: Goldman Sachs, Citigroup and JPMorgan Chase.
December 15 -
Two proposals, limiting deductibility of interest and like-kind exchanges, would make securitization uneconomical for auto and equipment lessors, according to the industry trade group.
December 15
















