The health of the retail sector of Europe's commercial mortgage-backed securities market is mixed, according to a recent "red-yellow-green" report by Moody's Investors Service.The report, which classifies the retail markets using the three traffic-light colors, indicates that, "of the selected 12 European markets in seven different countries, five markets are in the red zone, four are in the yellow zone and three are in the green zone." In the Moody's report, a "red" classification indicates that a market is "currently under stress from supply-and-demand imbalances," a "yellow" classification indicates that a market "warrants careful monitoring," and a "green" classification indicates that a market is "not under immediate strain." Overall, the report shows that "European retail market scores underwent a slight downward shift in 2004 compared with year-end 2003," Moody's said.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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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.
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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.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24