Origination

Richard Cordray took a big gamble in his final act as head of the Consumer Financial Protection Bureau, attempting to appoint his own interim successor. He lost Tuesday, but he was far from the only one.

This time it’s the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room, full-service resort. A $365 million first mortgage on the property from Morgan Stanley is being securitized via MSC 2017-JWDR.

A New York banker who mastered the art of buying low and selling high, broke industry norms and learned from his mistakes in commercial real estate, John Kanas became a model regional bank builder. After stepping down as BankUnited's CEO last year, he wants to do "one more thing" before fully calling it quits.

Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home prices, the Federal Housing Finance Agency said.

A Kiryas Joel, N.Y., man was sentenced to 18 months in prison and ordered to forfeit $1.2 million to federal authorities for his role in a mortgage-fraud operation in which prosecutors had charged 15 people in all.

Consumer house-buying power, measuring how much one can purchase based on changes in income and interest rates, fell 2.1% year-over-year, but increased by 1.3% from the month prior, according to First American Financial Corp.

Nonprofit agencies looking to purchase unsubsidized affordable housing properties can use a new impact gap financing program from Freddie Mac to fund the acquisition.

Homes sales for October remained strong in the Greater Cincinnati area, but couldn't quite reach levels attained at the same time last year.

Home prices in 20 U.S. cities rose in September by the most in more than three years, indicating resilient demand at a time of persistently scarce inventory, according to S&P CoreLogic Case-Shiller data.

OMB Director Mick Mulvaney said he would "fix" the CFPB by ensuring it protected consumers without cutting off access to financial services. His comments came as a federal judge declined to rule yet on the legality of Mulvaney's appointment.