Originations

The delinquency rate on securitized multifamily loans jumped over 50 basis points from August to nearly 17% in September and it continues to be the worst performing property type in the commercial mortgage-backed securities market.

The government-sponsored enterprise portion of the securitized commercial/multifamily market has been hot since the downturn and has come to dominate it, somewhat as like it has in the single-family market. So it is among the factors decision-makers need to consider in drawing up GSE reform and as the CMBS market makes a comeback.

Home price problems, continued high unemployment numbers and loan seasoning are behind the slowing pace of the improvement in the current to delinquent roll rates for nonagency mortgage loans in the past few months, according to the analysts at Barclays Capital.

There was $5.7 billion of primary new mortgage insurance written in August by the members of the Mortgage Insurance Cos. of America, marking four consecutive months of increased business.

I believe innovation arises from ideas. Ideas are revealed when one applies a process of being creative. Creativity in one's job is shaped by an individual's engagement and commitment to one's work, which is directly influenced by one's personal values and the company's organizational values.

The Mortgage Bankers Association at press time last month had increased its origination forecast by about $100 billion from earlier forecasts to $1.1 trillion in the wake of lower mortgage rates last month that had brought in higher-than-expected refinance volume.

In the midst of a refinancing boom, Bank of America has decided to suspend all cash-out refinancings on FHA and VA loans, according to a product update notice provided to National Mortgage News.

The American Bankers Association is questioning why HUD is opening the door for Farm Credit System lenders to originate FHA loans while it making it harder for rural community banks to remain in the same program.

The good news: More than 43,200 condominium apartments have been sold in South Florida's coastal markets since the real estate boom began in earnest in 2003. The bad news: Most of the buyers are not primary users.

Bill McCue has run his family's mortgage banking shop for 35 years, but he says the best days are yet to come.

In a best case scenario consumers might save upwards of $63 billion a year if Fannie Mae and Freddie Mac participated in a workable refinancing program for underwater borrowers, according to a new report from Moody's Investors Service.

As you know, FHA has provided a critically important source of mortgage credit during this economic recovery particularly for underserved communities—and I will build upon the strong foundation of reforms initiated by the administration and continue the three fundamental priorities we have focused on since President Obama took office.

Even though GSE and FHA loan limits will decline to $625,500 at midnight Friday, borrowers with high balance FHA-insured loans can still refinance these products as long as they don't engage in a cash-out refi.

It appears that rock bottom mortgage rates are starting to pay off for Fannie Mae.

The business of originating and servicing second liens continues to struggle with lenders cutting back on production and allowing their receivables to run off, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

With official Washington bogged down in politics, the outgoing chairman of the Mortgage Bankers Association holds out little hope that the all-important high-end loan limits will be extended beyond Sept. 30 and he is concerned that, with a fragile economy, lowering limits may not be the best move.

It appears that rock bottom mortgage rates have yet to cure the housing industry's woes.

Home Federal Bancorp, Nampa, Idaho, as part of a major restructuring, will outsource its residential origination function to a third-party vendor.

Banks in Europe will try to unload roughly 15 billion euros ($20 billion) of loans secured by commercial real estate in Europe through 2012 as they comply with tighter capital regulations, according to Situs Companies, a debt advisor.

Bank of America ranked first among all warehouse providers in the second quarter with $12 billion of funding commitments, a 20% decline from a year ago, according to new figures compiled by National Mortgage News.