Freddie Mac is coming to market with a $1.1 billion MBS backed by multifamily loans. The various pass-through certificates in the bond are collateralized by 68 recently originated multifamily mortgages from Freddie approved seller/servicers. It is the second of six such issuances anticipated during 2010. These "K-006" certificates, which will price on or about March 25 and settle 10 days later, will be offered by several dealers lead by JPMorgan Securities Inc. and Bank of America Merrill Lynch. Co-managers for the transaction include Deutsche Bank Securities Inc., Goldman Sachs, Jefferies & Co. and Sandler O'Neill.
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AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
July 17 -
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
July 17 -
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
July 17 -
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
July 17 -
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
July 17 -
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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