Finance

The combined effect of lower volumes of underperforming loans and improved workout practices helped improve the traffic of delinquent, securitized commercial mortgage loans that go in and out of special servicing.

Ocwen recorded earnings gains and record revenue in the fourth quarter fueled in part by merger, acquisition and sales activity.

DBRS and Fitch have rated Credit Suisse’s first prime residential mortgage securitization of 2013, noting that its representations and warranties are stronger than those in its previous post-crisis jumbo deal.

Meritage Homes Corp. has commenced a cash tender offer to purchase any and all of its $99,825,000 principal amount 7.731% senior subordinated notes due 2017.

PacTrust Bank will start funding loans through the warehouse and correspondent programs in March 2013.

Freddie Mac plans to offer its second K deal backed exclusively by five-year multifamily collateral.

Securitizations that significantly limit repurchases are among structural weaknesses that could prevent residential mortgage-backed securities from getting Moody’s highest rating.

The House Financial Services Committee will schedule hearings on the regulation of Fannie Mae and Freddie Mac and the competitive advantages FHA has over private insurers.

Moody's Investors Service has downgraded 16 of roughly 130 tranches backed by $2 billion in subprime mortgage loans.

Radian Group priced its 34 million share common stock offering at $8 per share before the markets opened on Wednesday.

Fortress Investment Group said fourth-quarter profit more than doubled on higher-fee income from managing funds.

Mortgage application volume declined for the third consecutive week, but one observer seems not to be concerned.

Real Estate Mortgage Network’s chief executive said he had his best year in the mortgage industry in 2012, but believes that 2013 could be even better. Credit: ThinkStock.

We're hearing that some of the relative call protection found in Ginnie Mae securitizations may not last.

The uncertainty regarding Italy following parliamentary elections is being cited by an executive at Zillow Mortgage Marketplace for the six basis point decline in the 30-year fixed-rate mortgage compared with last week.

Increased commercial mortgage-backed securities issuance has brought several new B-piece buyers to market.

Community bankers are growing increasingly concerned that the Consumer Financial Protection Bureau will eliminate one of their bread-and-butter products: balloon loans.

As the overseer of mortgage giants Fannie Mae and Freddie Mac, the Federal Housing Finance Agency has a duty to safeguard taxpayer dollars.

Fourteen classes $1.2 billion securitization backed by 100 fixed-rate commercial mortgages, WFRBS 2013-C12, received preliminary ratings.

National Association of Realtors data show the overall growth in commercial real estate leasing activity seen in most markets in 2012 will gain speed this year and in 2014.