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The loans accounted for 18.6% of conventional single-family dollar volume in April, quadrupling its share of business at the peak of the refinance boom, according to Corelogic.
June 29
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The current transaction is shaping up to be a smaller deal with higher quality assets, compared with the CMLTI 2022-RP4.
June 28
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Some 23 tenants occupy the data center complex in Illinois, which accounted for 86.7% of total square footage and 86.8% of rentable power. The property has a net operating income of $62.7 million, and cap rate of 6.70%.
June 28
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The deal has several performance triggers with cash trap reserves, senior note interest and expense reserves, and loan-to-value tests.
June 27
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The watchdog claims that during internal testing, the company illegally processed $2.3 billion in mortgage payments.
June 27
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The fourth issuance of the year includes receivables from 36-month contracts, a collateral type that still has limited performance history. VSMT 2023-4 also has a 36-month revolving period.
June 27
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A report from the Treasury Department's Federal Insurance Office urges state regulators to spruce up their toolkits for monitoring and mitigating the impact of climate change on homeowners insurance.
June 27
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Researchers at the government-sponsored enterprise also maintained their outlook for a modest recession but moved anticipated onset to the fourth quarter this year.
June 27
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The heads of the Federal Reserve and Federal Deposit Insurance Corp. say upcoming capital proposals won't be implemented for years, but banks tend to move fast to get ahead of upcoming changes.
June 26
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The company sold debt in three parts, according to a person familiar with the deal, including selling more of an existing bond due in 2053. The reopening of the 30-year bond yields 1.6 percentage point over Treasuries.
June 26
