Wachovia and Wells Fargo again ranked No. 1 and No. 2, respectively, among commercial and multifamily loan originators in 2006, according to the Mortgage Bankers Association.Credit Suisse took over third place in the rankings, and the others on the top-10 list, based on the MBA's third annual origination volume report, are: Holliday Fenoglio Fowler LP; Key Bank Real Estate Capital; Capmark Financial Group; Deutsche Bank Commercial Real Estate; Lehman Brothers; CBRE/Melody; and LaSalle Bank/ABN Amro. The MBA report also lists originators by investor groups. Wachovia was the top originator for commercial bank/savings institutions and conduits; Capmark Financial Group for Freddie Mac and FHA/Ginnie Mae investors and specialty finance companies; MetLife for life insurance companies; Deutsche Bank Berkshire for Fannie Mae investors; TIAA-CREF for pension funds; GE Real Estate for credit companies; and Wells Fargo for real estate investment trusts, investment funds, and other investors.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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