Banking

Mortgage loan application volume dropped sharply for the period ending Feb. 13 as mortgage rates rose to their highest level since the beginning of the year.

Deutsche Bank has pooled 67 fixed-rate commercial mortgages, secured by 81 properties, in a $1.4 billion securitization called COMM 2015-DC1.

Lenders are seeing higher demand for homes but are expecting only modest growth in sales this year due to the limited housing stock.

Multifamily MBS issuances by Fannie Mae in 2014 increased slightly from the year before, the government-sponsored enterprise said.

Citi has formed a digital marketing alliance with online real estate marketplace Zillow in a bid to reach more customers in the financial services company's priority cities, the company announced Feb. 10.

Sporting a black eye he got while playing basketball, CFPB Director Richard Cordray opened up to credit union executives about another dust-up — the decision to ease qualified mortgage restrictions for small and rural lenders.

Hedge funds that profited on residential mortgage debt after the financial crisis such as Pine River Capital Management and Canyon Partners are trimming their bets as prices rise.

A new $913.5 million CMBS is in the market, according to a presale from DBRS.

Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

The Inland Empire is the key to the future of Southern California and the region's middle class, an economic and social commentator said.

Tewksbury FCU and CU Close have launched a new collaborative enterprise to help lenders and credit unions profit from combined volume and more efficient vendor management.

Mortgage applications were higher during the last week of January as interest rates fell to lows last seen in May 2013.

During last year's fourth quarter, commercial and multifamily loan originations increased by 11% from the same time a year before, a new report by the Mortgage Bankers Association says.

JPMorgan and Barclays plan to securitize 44 commercial mortgage loans that total $836.5 million. The loans are secured by 91 properties.

Arbor Commercial Mortgage has launched a proprietary online loan processing technology platform.

MetLife Inc. stepped up its investment in commercial real estate last year, the life insurer announced.

In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.

The Consumer Financial Protection Bureau on Thursday proposed a series of regulatory relief measures for small institutions, especially those in rural areas, to help them provide credit while they try to follow the agency's tough mortgage rules.

New Jersey’s largest home-grown savings bank continued to shed loans and deposits in the fourth quarter as it continues to wait to be acquired by a commercial bank from upstate New York.