A company is being set up to securitize mezzanine loans -- a loan type that so far has been restricted to the portfolios of lenders-- according to Eric Hillenbrand, a senior vice president with the Chicago-based Banc One Capital Corp.At a panel session relating to "real estate debt: myths and realities" at the Urban Land Institute's annual meeting in Las Vegas, Mr. Hillenbrand said that he expects the company to be operational by early next year.
Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
