Bank of America plans to sell $460 million of mortgage securities backed by commercial real estate loans without relying on a Treasury program to aid lending in that market. According to Bloomberg, the security is backed by mortgages on office and industrial properties in Florida. The bonds are split into four portions, the largest of which is $350 million of top-rated debt. Fortress Investment Group LLC is the sponsor of the transaction.
Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
