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REO assets represented one-third of the overall CMBS delinquency rate in April, reaching $11.1 billion in scheduled loan balance.
May 15 -
Here's a pop quiz for mortgage professionals everywhere: name a foreign bank that successfully bought a U.S. mortgage banking operation—or grew one from scratch—and actually did well with it.
May 15 -
The FHFA has created a financial incentive for executives at Fannie Mae and Freddie Mac to ensure that deadlines for the Uniform Mortgage Data Program are met.
May 14 -
New findings show persisting foreclosure problems in the nation’s 100 largest metro areas are deteriorating for the first time in over six quarters.
May 14 -
Today's mortgage bankers have to accept very, very long audits as a marketplace reality. Whether they find auditors likeable and useful, on the other hand, is highly disputable.
May 14
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Newcastle Investment Corp. said it will be a partner in Nationstar’s plan to purchase $374 billion of servicing rights from Residential Capital Corp. by investing upwards of $300 million in the “excess” servicing strip on the deal.
May 14 -
The long-term rate-indicative 10-year Treasury yield on Monday morning dropped to a low below 1.8% not seen since February.
May 14 -
For almost 95% of mortgage borrowers who refinanced in the first quarter, staying in or moving to a fixed-rate product was the goal, according to the latest Freddie Mac quarterly product transition report.
May 14 -
TriLyn has formed an investment management platform focused on opportunities in high-yield commercial real estate debt.
May 14 -
A group of Wall Street banks and ratings agencies told a federal court in Miami that “greed” and the need to grow earnings was responsible for the 2009 demise of Eastern Financial Florida CU, the one-time $2.4 billion credit union, not alleged fraud on their part in the sale of $100 million of risky financial derivatives known as collateralized debt obligations.
May 14







