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All five – Plaza West Covina Mall (Calif.), Franklin Park Mall (Ohio), Parkway Plaza (Calif.), Capital Mall (Wash.), and Great Northern Mall (Ohio) – were built in the 1970s and have JCPenney or Sears as a major tenant.
June 7
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Declining mortgage origination volume and record-high costs drove production income for independent mortgage bankers into negative territory, according to the Mortgage Bankers Association.
June 6
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The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.
June 6
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Fannie Mae is lowering down payment requirements and lender fees on manufactured housing loans to improve affordable housing access.
June 6
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Ditech Holding Corp. returned to profitability in the first quarter, benefiting from accounting adjustments related to its emergence from bankruptcy protection in February.
June 6
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Blame the decline in the oil and gas industry; many 2014 vintage deals have exposure to a number of multifamily and hotel properties in North Dakota and Texas, according to Fitch.
June 5
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Since its inception, the qualified mortgage rule has been synonymous with loans purchased by Fannie Mae and Freddie Mac or guaranteed by government agencies. But a broader QM definition could change that by creating more competitive private-label options.
June 5
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Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.
June 4
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MountainView is brokering a $3.6 billion nonrecourse package of Fannie Mae mortgage servicing rights with a high refinance loan concentration.
June 4
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Freedom Mortgage is being punished by a government-owned mortgage guarantor amid concerns that the Mount Laurel, N.J.-based company is helping to enable unnecessary refinances of veterans' loans.
June 4
