Capital markets

Refinance application volume was up 3% for the week ended Sept. 27 as rates continued to decline, hitting levels seen back in June.

Walker & Dunlop said its 3Q13 commercial mortgage origination volume will end up in the range of between $1.7 billion and $1.9 billion, which is below its previous guidance of between $2 billion and $2.5 billion.

he delinquency rate for commercial real estate conduit loans was 8.14% in September, the fourth consecutive month of decline.

The California Public Employees Retirement System is showing concern about a program in Richmond, Calif., that could involve using eminent domain to seize loans.

Municipal Mortgage & Equity has resolved an administrative proceeding by the Securities and Exchange Commission that had temporarily suspended its trading.

Barclays topped the list of mortgage-backed securities bookrunners for the first nine months of 2013.

Fannie Mae's mortgage purchases fell 7% in August after a slight uptick in July, but commitments to purchase new mortgages from lenders fell to the lowest level in two years.

Freddie Mac said that James Mackey is joining the company as executive vice president and chief financial officer.

Blackstone Group’s Steve Schwarzman said his decision 19 years ago to sell what would become the world’s largest money manager was a “heroic” mistake.

The structured pass-through certificates transaction includes two senior principal and interest classes, one senior interest-only class and one junior IO class.

Analysts are warning investors about the impact of different servicing strategies on the cash flow generated by mortgage servicing rights on securitized delinquent loans.

J.C. Penney’s unexpected decision to raise capital sparked some concern among investors in commercial mortgage-backed securities, as the retailer is the second largest tenant in this market.

Investment group Peer Advisors has signed a definitive agreement to acquire 100% of the stock of Celink, the largest subservicer of reverse mortgage loans.

Impac Mortgage Holdings has completed its re-entry into the warehouse lending space.

The two-year, floating rate, interest-only loan is collateralized by 51 hotels in 16 states.

Canadian mortgage bonds have attracted U.S. buyers in the past and the legal basis for these is stronger. But are home values there unsustainable?

Master servicers are consistently finding a “material” lack of current appraisals in delinquent commercial mortgage-backed securities loans.

Getting all of the financing pieces for affordable housing is difficult because nonprofit developers usually have to tap multiple sources of capital.

The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.