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The 30-day plus delinquency rate on MBS backed by multifamily mortgages spiked by just over 100 basis points in November, reaching a new high of 15.8%, according to new figures compiled by Trepp LLC.

The stabilization of home prices during the summer is beginning to crumble, according to the Federal Reserve Board's November survey of economic conditions released Wednesday afternoon.

A public-private partnership between the Federal Deposit Insurance Corp. and a group of real estate investors and asset managers has taken ownership of an REO condo development in Hawaii.

While commercial MBS loan performance appears to be stabilizing, delinquency rates are continuing to climb, hitting a survey-record high in the third quarter, according to new figures compiled by the Mortgage Bankers Association.

HeartLand Financial USA Inc., Dubuque, Iowa, has hired a former Bear Stearns Residential Mortgage executive and his team from a failed Arizona thrift to lead what it hopes will be a growing mortgage operation.

With the shift in the secondary market for reverse mortgages from Fannie Mae over to Ginnie Mae, issuers themselves now bear the responsibility and risks associated with managing the real estate owned process, a sea change for some of them.In addition, home prices are falling and continue to fall, which makes handling these special real estate-owned assets particularly challenging, according to Darren White, vice president for default/foreclosure/REO/claims at Reverse Mortgage Solutions Inc. in Spring, Texas.

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Thanksgiving week isn't exactly the busiest time of the year for residential lenders, and new figures released by the Mortgage Bankers Association show that application volume tanked by almost 17% during the week ending Nov. 26.

The company which operates the National Association of Realtors' official website is now in the mortgage business.

A mixed-use development in Oakland, Calif., previously taken into real estate-owned status as the result of the developer’s bankruptcy, has a new owner and a new name.