The commercial/multifamily delinquency rates ended 2007 at or near record lows for most major investor groups, according to an inaugural analysis released by the Mortgage Bankers Association. Four of the major investment groups --commercial mortgage-backed securities, life companies, Fannie Mae and Freddie Mac -- were at or near historically low levels, according to the MBA study. The delinquency rates for the fifth investment group, FDIC-insured commercial banks and thrifts, were lower at year-end than 10 of the previous 16 years. These five investor groups hold more than 80% of commercial/multifamily debt outstanding, according to the MBA. "This is an important new analysis that helps cut through much of the recent 'noise' on commercial real estate finance," Steve Graves, managing director & Chief Operating Officer of Principal Real Estate Investors and chair of the MBA's Commercial Board of Governors, said in a statement said.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
March 28 -
The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27