Capital markets

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

A perceived lack of HARP eligibility can be changed, in some cases just by checking addresses.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

Rising interest rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards.

He could be running the Federal Housing Finance Agency as early as the next day.

Plans to wind down the agencies may halt now that they are profitable and Congress is working on reforms.

Compensation for the business will be at a significant amount above book value.

There were nine Mortgage Industry Equity Composite stocks that closed higher and eight lower after Wednesday's trading.

The move will facilitate investments in mortgage servicing rights and whole loan portfolios for American Capital Mortgage and give RCS access to investment capabilities and capital.

A building containing Macy’s corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.

While year-to-year volume is flat, thousands of mortgages have been made on Native homelands in recent years, compared to dozens twenty years ago.

Mortgage-related shares tracked by this publication suffered declines that ranged from almost negligible amounts far less than 1%, to a loss of roughly 4% in value on the day.

The rapid increase in originations may be the problem. New-issue commercial mortgage-backed securities could total $87 billion in 2013, up 81% from 2012's $48 billion.

The purchases in the fifth transaction this year created out of prime-jumbo U.S. home loans represent a switch from REITs’ typical strategy of acquiring just the highest-yielding slices in such deals.

Will American oligarchs reap billions in stock profits by investing in non-governmental housing agencies?

The product is available in 10 states on conforming, owner-occupied loans with a maximum $300,000 purchase price, a 5% downpayment and a minimum 750 Fair Isaac & Co. credit score.

Rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding commercial mortgage-backed securities, but Moody’s ratings could remain stable.

The individual performance of the mortgage-related companies ranged from an increase of more than 1% to a loss of more than 3% in value on the day.

Lenders need to boost their consumer education spending and watch out for “advertorial” content, according to the feds.