Origination

Berkadia Commercial Mortgage LLC, Horsham, Pa., has expanded its staff in the senior housing and healthcare lending business, in what it calls a renewed commitment to those markets.

Effective Jan. 1, California law provides that all insurers, brokers, agents, and others engaged in the transaction of insurance owe a prospective insured who is 65 years of age or older, a duty of honesty, good faith, and fair dealing.

Walker & Dunlop, LLC, Bethesda, Md., this week hired Rob Rotach as vice president and deputy chief underwriter for its Federal Housing Administration finance department.

The housing finance sector will have to wait until next year for the final rule on what constitutes a 'qualified residential mortgage,' the unofficial head of the Consumer Financial Protection Bureau told a regulatory forum in Washington.

The chief author of the Dodd-Frank Financial Reform Act took exception to what he called "the revolt against risk retention," saying requiring originators to hold 5% of the loan amount on their books is "one of the central things we did in the bill."

Builders broke ground on fewer homes in August than in July and the same month a year ago, evidence that the nation's housing depression is continuing – despite ultra low mortgage rates.

Eight years ago a Bear Stearns research report on the mortgage insurance industry warned of a grave threat: In exchange for steering home buyers to the insurers, mortgage lenders were demanding unjustifiably lucrative reinsurance deals.

Affordable housing advocates and mortgage industry groups are often on opposite sides of the debate over the future of lending, but recent regulations have created a common adversary for the two groups: the QRM.

Piping Rock Partners, a San Francisco-based multifamily real estate investment management firm, has refinanced a privately placed, fixed-rate interim-term loan into a $4.35 million Federal Housing Administration 223(f) loan. The loan is secured by a 120-unit multifamily property in southern Indiana.

I recently viewed a cable television special on hot dogs and as part of the show it featured some of the great marketing campaigns that helped to distinguish a very commoditized product from the competition.