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A pair of experts in the warehouse lending business believes that captive lines of credit do contain real risk to both the provider and the loan originator. The issue of risk is one of the key points the Department of Housing and Urban Development is looking at, a recently issued notice from the agency stated.
December 10 -
A new $848 million rated commercial mortgage-backed securities deal is being marketed by Goldman Sachs and Citigroup, according to Moody’s Investors Service.
December 10 -
An increase in monthly commercial mortgage-backed securities delinquencies in Fitch’s latest report adds to evidence suggesting that improvements in late payments seen in October were due primary to the influence of an extraordinary loan resolution.
December 10 -
Almost half of consumers with a mortgage say they would consider walking away from the property if the loan was under water, according to a new survey conducted by RealtyTrac and Trulia.com.
December 10 -
Westmount Realty Capital LLC, Dallas is teaming up with three executives from Realty Capital Partners, also Dallas, to form a new investment company, Westmount Realty Finance LLC.
December 10 -
Joseph Smith, the White House nominee to be the new GSE regulator, is getting dragged into the fight over whether Fannie Mae and Freddie Mac should participate in a principal reduction program managed by the Federal Housing Administration.
December 10 -
A stranger approaches you on the street and asks for some money. A person wielding a clipboard (or an iPad) jumps in front of you as you're walking down the shopping mall and asks if you can take10 minutes for a survey. A woman at a bar is approached by a man she doesn't know, who asks, "Do you want to have a relationship?"
December 10 -
WASHINGTON — Mortgage brokers are concerned that in the coming months wholesale lenders will impose more restrictions on their operations as a result of the Federal Reserve's new compensation rules for LOs.
December 10 -
Nonperforming commercial/multifamily whole loans trades are evolving as the market becomes more active, according to two executives at local New York/New Jersey specialist Helios Capital.
December 10 -
Mortgage bankers originated $416 billion of single-family loans in the third quarter, the industry's best showing of the year, but a slight decline compared to the same period 3Q 09.
December 10