Secondary

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

Thirty-one of 39 shopping malls linked to a key commercial real estate credit derivatives index are currently impaired.

DLJ and Nomura Corporate are sponsoring portfolios of mostly previously modified, well-seasoned mortgages that have at least two years of clean-current payment status.

For a surprising number of companies pursuing an IPO is a mistake, Endurance Advisory Partners CEO Stephen Curry says.

While it is looking for a higher price per share, the company will be selling fewer shares on its own behalf.

Investor concerns about a 25 basis point reduction taking business from private insurers might be overblown, but a 50 bp cut could affect an additional 10%-15% of the low down payment market, KBW said.

At least 25 properties that Columbia Sussex Corp. has financed with loans packaged into commercial-mortgage backed securities are in special servicing or on servicer watch lists.

The former No. 2 at Countrywide had been battling brain cancer prior to passing away from the coronavirus.

If new housing policy initiatives are not adopted by Congress, the Biden Administration may seek to push the GSEs into receivership, which would damage the conventional market, columnist and analyst Chris Whalen says.

The expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are sold.