Finance

Capital Trust Inc. will be changing its name to Blackstone Mortgage Trust Inc. on May 6.

Interactive Mortgage Advisors as exclusive broker for the seller is offering $50 million to $75 million per month of Fannie Mae or Freddie Mac monthly flow mortgage servicing rights.

Investors’ rekindled passion for sales of private mortgage securities is cooling.

Bank of America Corp. is said to be offering 1.06 billion euros of bonds backed by a loan used to buy German apartment buildings, in the first public deal of its kind in Europe this year.

Bank of America Corp. is said to be offering 1.06 billion euros of bonds backed by a loan used to buy German apartment buildings, in the first public deal of its kind in Europe this year.

Cohen Financial has secured $75 million in construction financing for two Class A multifamily properties in Arizona.

Two groups are urging House Ways and Means Committee members to preserve low-income housing tax credits and tax-exempt housing bond programs as they consider comprehensive tax reform.

A council of top federal regulators is giving the GSE regulator a green light to build a new securities platform to replace the aging platforms that Fannie Mae and Freddie Mae currently use.

NMI Holdings must face claims in a lawsuit by Arizona regulators including breach of fiduciary duty and unfair competition.

First-quarter cumulative defaults for fixed-rate commercial mortgage-backed securities were up 18 basis points from the end of 2012 at 13.6%.

Investors’ rekindled passion for sales of private mortgage securities is cooling.

Moody’s Investors Service Thursday afternoon downgraded $56 million in legacy subprime residential mortgage-backed securities from various trusts primarily in response to weak interest shortfall reimbursement mechanisms and recent performance reviews.

PennyMac Mortgage Investment Trust has priced a private offering by its PennyMac Corp. subsidiary, a $200 million aggregate principal amount of its exchangeable senior notes due 2020.

It was a good first quarter at the nation’s second, third and fourth largest title insurance underwriters as all three reported improved earnings over the same period in 2012.

Remodeling activity is expected to gain steam over the next 12 months as more and more owners regain some of the equity they lost in their homes during the recession.

Freddie Mac purchased nearly $52 billion in mortgage loans and securities in March, up 21% from the prior month.

Loans in commercial mortgage-backed securities conduits in the first quarter had stable leverage and their debt service coverage ratios rose.

Redwood Trust has issued five private-label jumbo mortgage securitizations during the first four months of this year totaling $2.7 billion.

Pacific Investment Management Co. expects the Fed to start slowing its debt buying by September, before ending the expansion of its balance sheet early next year.

Standard & Poor’s and Ambac Financial Group lost a bid to dismiss a negligence claim in a lawsuit alleging they conspired to force California local governments to buy bond insurance they didn’t need.