Secondary

The unpaid principal balance of delinquent commercial mortgage-backed securities delinquencies fell by 23% as of Dec. 31 compared with the same day one year prior in 2013, according to Fitch Ratings.

Capital markets hold the key to the future for the consolidating Wall Street landlords, but the path through is downright bloody.

CMBS issuance is set to resume as industry players returned to their desks following last week's annual industry shindig hosted by the Commercial Real Estate Finance Council in Miami.

Fears that lower Federal Housing Administration premiums will negatively affect private mortgage insurance firms are overblown. If anything, the plan should be a modest positive for the overall housing market.

Standard & Poor's is close to a settlement of about $1 billion with the U.S. for allegedly misleading investors about its ratings of mortgage-backed securities before the subprime crisis.

Freddie Mac in the next month plans to approve three more lenders, including one bank, to make multifamily loans between $1 million and $5 million for GSE purchase and securitization, according to an official. Banks were not initially courted.

Lenders need to use nontraditional means of measuring a borrower's likelihood of default.

Freddie Mac's first three risk-sharing transactions of 2015 are all insurance policies.

The U.S. Supreme Court dealt a blow to Royal Bank of Scotland Group and Nomura Holdings Inc., refusing to derail federal government lawsuits that seek billions of dollars over the sale of risky mortgage-backed securities.

The Multifamily Lenders Council, a trade group representing companies that originate and service Federal Housing Administration-insured multifamily mortgages, states President Obama isn't doing enough to assist affordable rental housing.