The issuance of real estate investment trust and commercial mortgage-backed securities has surpassed the $1 trillion mark, according to data compiled by the National Association of Real Estate Investment Trusts and the Commercial Mortgage Securities Association.In credit markets, the outstanding volume of CMBS reached $682.7 billion at the end of 2005, including securities collateralized by loans on multifamily properties and other nonresidential properties. In addition, equity REITs had issued another $82.9 billion of unsecured debt in the form of notes and bonds. In equity markets, the market value of equity REITs at the end of 2005 stood at $318.2 billion, including $301.5 billion of common shares and another $16.7 billion of preferred stock, according to NAREIT. The associations can be found online at http://www.nareit.com and http://www.cmbs.org.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24