Finance

The National Cooperative Bank has purchased a $7.25 million loan participation in a $12.25 million loan facility with Alaska USA FCU.

AAA-rated junior classes in new commercial mortgage-backed securities transactions are getting thinner.

Beazer Homes USA on a continuing operations basis took a 22-cent basic earnings-per-share loss for the third quarter of fiscal year 2013 ending June 30.

Allstate’s 2011 lawsuit against Goldman Sachs over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued.

The Prestwick Mortgage Group said it is exclusively brokering on behalf of an unnamed seller a $154 million portfolio of Ginnie Mae II mortgage servicing rights.

There are 1,031 Ginnie Mae loans and 617 Fannie Mae loans in the portfolio, and the majority of the loans are no cash out refinances.

A unit of Banc of California has agreed to pay $10 million for a mortgage business owned by one of its managing directors.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Fabrice Tourre, the former Goldman Sachs Group vice president on trial for his role in a failed $1 billion investment, was found liable on six of seven claims by a jury in Manhattan.

Homeward Capital will become the third mortgage investor to implement Ellie Mae's Total Quality Loan program.

Bank of America Corp. said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings.

Data provider Trepp’s numbers show June delinquencies in commercial mortgage-backed securities were down 17 basis points month-to-month.

A short sale buyer has successfully flipped a retail center located in Albuquerque to Cole Real Estate Investments.

Analysts expect securitized commercial mortgage loans will be strong enough to shoulder interest rate increases at refinance when they come due in 2022 and 2023.

HomeStreet is hoping two recent deals will help make the "home" part of its name a little less important.

Fannie Mae said it acquired $72.6 billion in loans from lenders in June, down from $78 billion in May.

The majority of them were up on the day even though the Dow was down 0.14%.

BOK Financial’s mortgage production increased by $27 million in the second quarter, but mortgage banking revenue was down.