Origination

Recent interest movement in Treasuries has narrowed their yield spread with real estate investment trusts, making some companies in the sector of publicly traded property and mortgage investment firms less attractive buys, according to Credit Suisse.

AmREIT Inc., a Houston-based real estate investment trust, said its stockholders should reject an offer from Tender Investors LLC to purchase nearly 1.2 million shares of the company's common stock at $4 per share in cash.

The Department of Housing and Urban Development, despite its name, has always been heavily involved in rural housing, though rural public housing and otherwise.

Some of the underwriters in the private mortgage insurance industry have ramped things up another notch in the efforts to recapture market share from the Federal Housing Administration.Several firms, including Genworth, Radian and RMIC have announced they will accept appraisals for loans which originally had intended to have FHA insurance but for some reason are being switched to a conventional secondary market execution.

Combining technology with a consumer centric business has made David Lazowski a top producer even though he has only been originating loans since 2005. David Lazowski has built his business around a goal many originators fail to achieve: getting to the customer first, before they go to a real estate agent.

MELVILLE, NY—At the New York Association of Mortgage Brokers’ annual convention here, members of the board sat down to discuss how they are adjusting to changes under the SAFE Act as well as the difficulties they are facing as a result of Regulation Z. Members appear to have a positive attitude about the future although much of what lies ahead is unknown regarding specific compliance challenges, according to NYAMB officials.

Radian Guaranty Inc., Philadelphia has cut its inventory of delinquent loans by nearly 3,400 over the first two months of the fourth quarter, although new defaults outpaced cures by over 3,000.

Home sale asking prices are down 0.45% and active inventory is down 3.16%, the result of monthly seasonal changes, in the Altos Research November Housing Market Update.

Warehouse credit has loosened up significantly over the past year with plenty of new lines being written—but mostly for firms that have a liquid capital position north of $2 million.

The Government National Mortgage Association is doubling its net worth requirements for multifamily issuers to $1 million as well as imposing new capital and liquidity standards on firms.