Origination

Freddie Mac said Monday it expects its upcoming second offering of its multifamily structured pass-through “K” certificates backed only by seven-year multifamily mortgages to be a bit bigger than its first, and separately noted an executive personnel change in its multifamily area.

Morgan Stanley and Bank of America have begun marketing a $1.2 billion CMBS deal.

Commercial real estate mortgage banking firm CW Financial Services has enhanced its commercial real estate debt platform.

Figures released by the U.S. Treasury show that taxpayers collected a total of $12.9 billion in May from the investment and sales of the agency’s mortgage-backed securities (MBS) portfolio.

Mortgage origination volume for 2011 could be as low as $825 billion as demand disappears, according to the latest projections from iEmergent, Des Moines, Iowa. The company now predicts a range of between $825 billion and $942 billion; back in November, it projected 2011 volume of between $904 billion and $991 billion.

Brian Simon is joining Caliber Funding LLC, Irvine, Texas, as its new chief executive, while Michael Massella is the company's new senior vice president, wholesale lending.

Christopher Vincent Hussain, the No. 1 producer on our list, says he benefited from the changing landscape in the business. This is because much of the competition on the residential side exited the business.

The state of the nation's housing? In a word, "depressing," according to the latest State of the Nation's Housing report from the Joint Center for Housing Studies at Harvard University.

Ocwen Financial Corp., a top ranked specialty servicer, made it official over the weekend, agreeing to buy Litton Loan Servicing from Goldman Sachs for $264 million in cash, plus extras.

The evolution of today’s underwriting, which is largely being shaped by what investors will literally buy as well as what will fit into the market’s developing regulatory framework, has been key in the wake of the downturn to the market’s future.