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The large number of overleveraged commercial mortgage-backed securities loans coming due in 2019 is likely to cause the payoff rate to drop an additional 9 percentage points by December, a Morningstar report said.

First-time homebuyers face growing competition from out-of-state investors and corporate landlords looking to capitalize on Boise's increasing rents.

Randy Cooper is founder and CEO of PeopleStrategy, a human capital management software firm. He has more than 30 years of experience in the business services and commercial software sectors, including software-as-a-service with emphasis and experience in payroll, benefits, HCM, finance/accounting, business analytics and human resources outsourcing.

The investment research firm plans to merge DBRS' ratings business with its existing Morningstar Credit Ratings Service.

Michigan has an estimated 239,000 manufactured homes, which comprises about 5% of the state's housing stock, according to the U.S. Census Bureau.

The number of renters is growing three times faster than homeowners as would-be homebuyers increasingly are priced out of the market.

Consumer worries over the direction of the U.S. economy affected mortgage application activity this past week even as interest rates remained flat or declined, according to the Mortgage Bankers Association.

David Cotney is senior adviser at FS Vector, a compliance, public policy and business advisory firm to fintech, regtech and innovative companies. He was previously commissioner of banks in Massachusetts.

Amy Friend is senior adviser at FS Vector. She was previously senior deputy comptroller and chief counsel of the Office of the Comptroller of the Currency.

Mortgage lending has a long way to go before most people associate it in any way with virtual reality.