Loans that underlie commercial mortgage-backed securities fell in price from July to August, according to DebtX.
DebtX priced
The price drop was "due mostly to a slight upward shift in the treasury yield curve," Will Mercer, managing director, said in a news release.
The median adjusted loan-to-value ratio remained at 57% in August, the same figure as in July. The median debt service coverage ratio remained at 1.45.
The rule rescission, one of many the Consumer Financial Protection Bureau is planning, would officially remove temporary steps for mortgages added in 2021.
Rocktop Management anticipates rising loan origination volume and increasing borrower distress, driving more servicing sales — key reasons behind its acquisition of Incenter Capital Advisors.
The Virginia man filed a false tax return in 2021 claiming an $18.3 million refund, working with a co-conspirator to defraud a real estate agent.
Servicing profit offset origination losses for some companies, but more than 40% were unprofitable, according to the Mortgage Bankers Association.
Lenders using an automated process can save up to $1,500 per loan but do they have the capacity to pass those through to applicants as the FHFA director asks?
CSBS hires veteran regulatory expert, Selene welcomes two new executives, Polly grows C-suite, Leaderone finds new president, plus more mortgage moves.
