Origination

At least one insider finds the anticipated extension of the Home Affordable Refinance Program “may not be as bad” as expected for the residential mortgage market.

There are now less than $70 billion of commercial mortgage-backed securities loans in special servicing, the lowest number since 2009 and less than 10% of the entire CMBS universe, Fitch Ratings said.

Since Wells Fargo Home Mortgage introduced the Home Rebate CardSM program in 2007 homeowners have used their rewards to automatically pay down $50 million in mortgage principal balances.

The proceeds from Inland Real Estate Corp.’s public offering of 9 million shares of common stock will be used to pay down the draw on a line of credit tapped to fund the buyout of its partner in the IN Retail Fund LLC joint venture.

The National Association of Realtors leading indicator of future home sales edged up 0.3% in April after rising 1.5% in March.

Nationstar Mortgage and Nationstar Capital Corp. reported they intend to sell an aggregate principal amount of 6.5% in unsecured senior notes due 2022.

Allstate, the largest publicly traded U.S. home and auto insurer, sued Citigroup in State Supreme Court in Manhattan in 2011, along with banks including Deutsche Bank AG, Bank of America Corp. and Morgan Stanley.

William Pulte says the only way to truly save Detroit and get the housing market functioning properly again is to destroy large swaths of the city as quickly as possible.

Mortgage industry executives may be forgiven for thinking that housing bonds are starting to look like pass-through mortgage-backed securities. They are.

Fixed mortgage rate averages in Freddie Mac’s weekly survey have been rising, but they were below year ago rates until now.