The earthquake that recently struck the northern Kyushu region of Japan has had only a limited direct impact on Japanese commercial mortgage-backed security transactions and real estate investment trusts, Moody's Investors Service has reported."Damage to the underlying real estate appears to have been limited to minor items such as caved-in ceiling modules or cracked internal walls," the rating agency said. "Moody's will continue to monitor carefully for impact from the quake's potential aftershocks." The rating agency monitors 18 CMBS transactions and REITs in Kyushu's Fukuoka and Saga Prefectures. Moody's can be found on the Web at http://www.moody's.com.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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