Carlton Advisory Services Inc., New York, has announced that it will sell approximately $88 million of chiefly commercial mortgage loan assets on behalf of an unnamed institutional client. The portfolio of 20 performing and nonperforming commercial loan assets consists chiefly of loans secured by single-family home subdivisions as well as residential and office condominium properties in various stages of completion and prime residential land assets. All the collateral properties are located in Florida. Bids are due by Sept. 17.
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A memo from Fannie Mae and Freddie Mac has separate links for each company's form to ask for the policy exception for compliance with the Nov. 2 deadline.
53m ago -
Better must formally accept the proxy results, which would move forward the founder's plan to reshape the board of directors and tap a new interim CEO.
3h ago -
Nearly 21% of the homes for sale were reduced in price during September, the highest for the month on record, while inventory grew over 5%, Realtor.com noted.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
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New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
September 29









