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In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.
February 6 -
Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.
February 3
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Even though the vast majority of its services are as an outsource solution, Bensalem, Pa.-based ISGN also provides contract employees to help meet transitory needs in the mortgage industry, including IT staff.
February 3 -
A Senate bill that would bar members of Congress from trading on confidential information was amended Thursday to include a ban on paying bonuses to executives at Fannie Mae and Freddie Mac.
February 3 -
It appears that possible salary and bonus caps at the GSEs are not hurting the recruiting efforts of at least Fannie Mae.
February 3 -
The Obama administration is working toward producing a plan to wind down Fannie Mae and Freddie Mac, according to Treasury secretary Timothy Geithner.
February 2 -
Cash-out refinancings hit a 26-year low in the fourth quarter as 85% of borrowers maintained the same loan amount or reduced their principal balance after refinancing, according to a new report by Freddie Mac.
February 2 -
Capstead Mortgage Corp. earned almost $42 million in the fourth quarter, flat from 3Q, but a 27% jump from the same period a year earlier.
February 2 -
Freddie Mac saw its 2011 multi-family volume increase by 32% over 2010 to more than $20 billion. Of that total, $16.5 billion, or 81%, of new purchase volume was through the Capital Markets Execution program – the largest annual volume amount to date.
February 2 -
Fannie Mae did $24 billion of multi-family mortgages last year, of which 98% were put into mortgage-backed securities. The leading Delegated Underwriting and Servicing program originator was Wells Fargo Bank NA.
February 2
