Finance

As a rule transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities ratings, but MSRs still make some insiders nervous.

Morgan Stanley and Bank of America will issue another CMBS conduit transaction that has been assigned preliminary rating by Kroll Bond Rating Agency.

New Penn joins Affiliated Mortgage and Norcom, among others, entering this business channel.

Shares of Municipal Mortgage and Equity LLC were supposed to have resumed trading by this morning but they did not.

Kroll Bond Rating Agency warned that so-called extraordinary expenses in residential-mortgage-backed securities can be a possible credit risk.

Refinance application volume was up 3% for the week ended Sept. 27 as rates continued to decline, hitting levels seen back in June.

Walker & Dunlop said its 3Q13 commercial mortgage origination volume will end up in the range of between $1.7 billion and $1.9 billion, which is below its previous guidance of between $2 billion and $2.5 billion.

he delinquency rate for commercial real estate conduit loans was 8.14% in September, the fourth consecutive month of decline.

The California Public Employees Retirement System is showing concern about a program in Richmond, Calif., that could involve using eminent domain to seize loans.

Municipal Mortgage & Equity has resolved an administrative proceeding by the Securities and Exchange Commission that had temporarily suspended its trading.

Barclays topped the list of mortgage-backed securities bookrunners for the first nine months of 2013.

Fannie Mae's mortgage purchases fell 7% in August after a slight uptick in July, but commitments to purchase new mortgages from lenders fell to the lowest level in two years.

Freddie Mac said that James Mackey is joining the company as executive vice president and chief financial officer.

Blackstone Group’s Steve Schwarzman said his decision 19 years ago to sell what would become the world’s largest money manager was a “heroic” mistake.

The structured pass-through certificates transaction includes two senior principal and interest classes, one senior interest-only class and one junior IO class.

Analysts are warning investors about the impact of different servicing strategies on the cash flow generated by mortgage servicing rights on securitized delinquent loans.

J.C. Penney’s unexpected decision to raise capital sparked some concern among investors in commercial mortgage-backed securities, as the retailer is the second largest tenant in this market.

Investment group Peer Advisors has signed a definitive agreement to acquire 100% of the stock of Celink, the largest subservicer of reverse mortgage loans.

Impac Mortgage Holdings has completed its re-entry into the warehouse lending space.