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WASHINGTON—The National Housing Conference is trying to get Treasury officials to pay more attention to the multifamily side of Fannie Mae and Freddie Mac as the agency ponders ways to restructure them as well as the nation's housing finance system.
October 15 -
The 30-day plus delinquency rate on commercial mortgage-backed securities edged up in September to a new record of 9.05%, according to Trepp LLC.
October 15 -
Multifamily lenders closed $52.5 billion in loans in 2009, down 40% from the prior year, according to the Mortgage Bankers Association.
October 15 -
VRM University will offer REO certification training on Oct. 26-27 during the Mortgage Bankers Association’s annual convention at the Georgia World Congress Center in Atlanta.
October 15 -
Recent scrutiny of foreclosure executions related to allegations of procedural flaws could affect some securitization prepayments.
October 15 -
September month-end data from Lender Processing Services Inc. shows the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 9.27%.
October 15 -
Echoing renewed concerns about “large scale lawlessness in the mortgage and foreclosure process,” Americans for Financial Reform has joined a growing chorus of moratorium advocates.
October 15 -
The American Securitization Forum has issued a statement defending the legality of standard industry methods of transferring residential mortgages to securitization trusts following questions that have arisen in the wake of the recent robo-signing foreclosure scandal.
October 15 -
The New York State Superintendent of Banks, Richard Neiman, has a thing for the mortgage servicing industry.By the time 47 state attorneys general and 37 banking and mortgage regulators announced their participation in the multistate effort to address national concerns “about faulty affidavits in foreclosure proceedings,” the New York State Banking Department had already sent letters to over 20 mortgage servicers.
October 14 -
Noting new life in the market for commercial mortgage-backed securities, a survey of industry specialists suggests that issuances could once again reach $100 billion by 2013.
October 14