Origination

The New York Stock Exchange has notified The PMI Group Inc., Walnut Creek, Calif., that it is not in compliance with the exchange's continued listing standard and faces suspension and delisting.

I have come to view my marketing clients as my "canaries in the coal mine" on the business climate. Having a marketing related business in every city where we have clients (i.e. Boston to Portland), gives me a great pulse on the market all across the U.S. I can evaluate their real financial condition since we see their numbers and forecast their results through the end of the year for cash flow and tax planning.

Homebuyers are double dipping on available federal- and state-run mortgage finance programs, in some cases buying a home with a mortgage that requires virtually no down payment.

The president of San Diego-based valuation data and technology provider DataQuick is defending his profession against what he says are misconceptions about the fundamentals of valuations and the current regulations of the industry.

Existing home sales in Illinois in July were up 18% over the previous year but median prices were down by 4%, the Illinois Association of Realtors reported. The data includes both single-family properties and condominiums.

A commercial real estate investment advisor in Orlando calls Standard & Poor's downgrade of the United States sovereign credit rating "good news for commercial real estate" both nationally and locally.

The large amount of maturing mortgage debt is an opportunity for institutional investors to acquire at good prices commercial real estate from sellers who are overleveraged, a report from a unit of BNY Mellon Asset Management declares.

Florida existing home sales increased 12% in July over the previous year, while existing condominium sales also increased 12%, according to the Florida Realtors. There were 15,517 single-family homes sold last month, up from 13,874 the prior year.

Sales of single-family existing home sales fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors.

The Dow had fallen more than 400 points and long-term rate-indicative 10-year Treasury yield had plunged to a record low below 2% at one point Thursday as the average weekly 30-year mortgage rate tracked by Freddie Mac hit a low not seen in over 50 years.