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The firm, dubbed Polpo Capital, is looking to produce a 15% net return to investors with modest leverage by capitalizing on the coming distress in commercial mortgage debt as forbearance agreements expire

Several housing groups wrote a letter calling for “substantially improved written proposals” for the period starting in 2022, and support for chattel manufactured-home loans.

The median selling price of an existing house rose 13.3% in September from a year ago, the smallest annual price increase since the end of 2020.

The 30-year average stayed above 3% for the second straight seven-day period, with improved retail sales data helping drive the uptick.

This increases the opportunity for the company to keep in touch with its HomeSafe and EquityAvail customers between the loan closing and when it becomes due.

The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

One winning bidder, who bought two of the four pools in the government-sponsored enterprise’s nonperforming loan offering, is a repeat buyer affiliated with a minority- and women-owned business.

The deal is the investment company’s second since it launched on Sept. 28.

The reception in the market to structured single-family CRTs' return at the government-sponsored enterprise was strong enough for it to plan to follow up this transaction with another one next month.