Secondary

Gladstone Commercial Corp., McLean, Va., has hired Gladstone Securities LLC to be its non-exclusive agent to assist in arranging mortgage financing for its properties.

Commercial real estate loan collateralized debt obligation delinquencies fell in May to 12.7% from 13.2% in April, according to a Fitch report

Regulators, creditors, accountants and shareholders all have increased focus on this asset. Basel III implementation may further exacerbate this.

Standard and Poor’s finds some legislative and other uncertainties in the municipal housing sector, but the company expects ratings in it to remain fairly stable through at least the next 12 months.

Investors had a strong negative reaction to Newcastle Investment Corp. in the wake of the real estate investment trust’s upsizing and pricing of its public offering of 35 million shares of its common stock.

he percentage of commercial mortgage-backed securities loans paying off on their balloon date based on their balance in May slipped to 59.5% from 64.6% in April.

Deepak Narula rose to fame as manager of the best-performing hedge fund last year by navigating the government’s stimulus efforts. He’s having a harder time as the Federal Reserve moves closer to an exit.

The Structured Finance IndustryGroup has hired Falcon Capital Advisors as well as a consultancy run by Kristi Leo to help it attract new members and pursue its legislative agenda.

The unadjusted Refinance Index was up 5% while the seasonally adjusted Purchase index also increased 5%.

Fannie Mae is promoting Kimberly Johnson to be the mortgage giant’s deputy chief risk officer—replacing Mark Shaw who is retiring.