The funds are intended to support housing, business and infrastructure needs beyond those addressed by other forms of public and private assistance.
Commercial mortgage-backed securities with balances at or below $10 million dominated transfers to special servicing in 2013 and there is reason to believe the trend will continue, analysts say.
Responding to steadily improving demand the Brentwood, Tenn.-based lender is intensifying recruitment efforts in strategic markets.
Only Minnesotas giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.
Small lenders have reduced their payrolls by 11,000 workers since June.
The city of Los Angeles is seeking damages for reduced property tax revenue and the costs of maintaining foreclosed properties, the complaint says.
The HECM lender is licensed in 43 states and issues Ginnie MBS.
The real estate brokerage adds that when compared with 2012, the drop-off is not as severe.
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