Origination

A commercial loan scenario posted on the Mortgage Grapevine is looking for $750,000 with a 50% loan-to-value ratio.

Capital One Financial Corp. has agreed to buy multifamily mortgage lender Beech Street Capital.

The commercial mortgage-backed securities deal priced its short dated, 2.47-year, class A1 tranche at 55 basis points.

CUNA Mutual Group filed five different civil fraud suits in federal court against major Wall Street banks seeking to force the banks to buy back $285 million worth of residential mortgage-backed securities gone bust.

New York housing advocates are calling for mandatory inclusionary zoning that requires developers to include affordable housing into new developments.

The Federal Housing Administration has issued guidance for its new “Back to Work” program that could open the door for borrowers who lost their jobs and their homes during the recession to qualify for a FHA-insured mortgage.

Redfin’s July Bidding War Report found that competition on homes for sale fell to 63.3% of listings with more than one offer in July from 68.6% in June.

There is some consensus that cash sales are historically high and likely to drop only gradually, but some figures put them closer to 40% than 50%.

The previously announced, all-cash transaction was financed through a combination of convertible debentures, equity and debt.