Finance

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-CCRE7, a $930.2 million commercial mortgage-backed securities conduit deal.

With uncertainty surrounding the future of Fannie Mae and Freddie Mac, one CUSO is developing a capital markets alternative credit unions can use.

Mortgage lending activity was weaker than expected in the first quarter and the result is likely to be slimmer profit margins for a number of banks, according to Paul Miller, a managing director at FBR Capital Markets.

Surging U.S. home prices could help shrink the Federal Housing Administration’s projected shortfall in President Obama’s budget due on Wednesday.

Colony Financial has priced a $175 million debt offering at an interest rate of 5% and has granted underwriters an option to buy an additional $25 million of notes to cover overallotments.

The government still dominates the secondary mortgage market but the trend is starting to shift.

A federal court in New York ordered Standard & Poor’s to produce all records related to $72 million of failed mortgage-backed securities CUNA Mutual Group bought from RBS Securities.

UBS-Barclays Commercial Mortgage Trust has another securitization in the works backed by a pool of $1.29 billion of loans.

Mortgage bankers we spoke to recently felt there is no new bubble forming, and that what is happening is a normal correction. We hope they are right!

Banks are lobbying against international plans to tighten rules on securitization claiming they will tie up capital and starve the economy of credit.

Concerns about the integrity of foreclosed property management costs are prompting Fannie Mae and its government overseer, the Federal Housing Finance Agency, to take a hard look at the GSE's controls.

Prepayment speeds on 30-year conventional fixed-rate securitizations generally remained stable in the latest month, although some Home Affordable Refinance Program cohorts “were a tad faster” and lower coupons slowed a bit.

As investors continue their interest in buying single-family housing units as rentals, it may not always make sense to acquire housing units in certain markets.

Kroll Bond Rating Agency has assigned preliminary ratings to a $260 million large loan commercial mortgage-backed securities deal secured by a Florida mall.

The Consumer Financial Protection Bureau is taking an enforcement action against four private mortgage insurance companies for allegedly paying kickbacks to lenders for business referrals.

Fannie Mae reported a 9% drop in loan acquisitions in February along with a 21% drop in issuing new commitments to purchase loans.

The Federal Home Loan Bank of Dallas has signed up for the Mortgage Partnership Finance Xtra program.

Atlanta Federal Reserve Bank President Dennis Lockhart said the Fed will probably need to press on with asset purchases later into this year or into 2014.

Kroll Bond Rating Agency has assigned preliminary ratings to UBS-BB 2013-C6, a $1.3 billion commercial mortgage-backed securities conduit transaction.

With the April 15 tax filing deadline less than two weeks away, Amy Tierce has a couple of things any self-employed person needs to be aware of.