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A unit of Brick Realty Capital, New York, has purchased a $2.69 million nonperforming commercial mortgage collateralized by a 30-unit multifamily building on New York’s Upper East Side.
June 9 -
Home price expert Robert Shiller thinks the nation should not have been surprised by the recent “double-dip” in home values, but said he’s uncertain whether it is the start of a longer term slide in prices.
June 9 -
First PacTrust Bancorp is betting the ranch on houses. It wasn't the original plan.
June 9 -
The nation’s seven mortgage insurance companies wrote $13.6 billion of new policies in the first quarter, a 30% gain from the same period last year as the sector continued to gain strength, according to figures compiled by National Mortgage News and the Quarterly Data Report.
June 9 -
As he tried to dispel the idea that end-to-end loan origination systems don’t exist, the product management group director at Calyx Software said there are two basic types of full-service LOS technology that have pros and cons.
June 9 -
Multifamily and commercial mortgage lending showed signs of life in May, according to the Federal Reserve Board’s new ‘Beige Book’ report.
June 8 -
Shopping center growth in the U.S. slowed to a crawl last year, according to new figures compiled for the International Council of Shopping Centers.
June 8 -
How do you know when a mortgage cycle has ended and rougher times are ahead for the industry? Answer: When a foreign bank pays a ton of money for a lender, claiming it’s a great value play.
June 8 -
There were greater losses for commercial mortgage-backed securities conduit loans and loss severities in May compared to the previous month, according to Trepp.
June 8 -
Holiday-adjusted refinance applications during the week ending June 3 inched up in response to a slight drop in rates but overall applications were down on the week, according to the Mortgage Bankers Association’s survey.
June 8 -
A tale of two markets is emerging in Las Vegas, where houses priced under $600,000 sell much faster than those over that benchmark.
June 8 -
WASHINGTON—The pending change in federal loan limits will have a much larger impact on mortgages insured by the Federal Housing Administration than on those purchased or securitized by either Fannie Mae or Freddie Mac.
June 8 -
A report by the National Academy of Social Insurance claims that changes made during the 1980s by Congress to the Social Security program will cut retirement benefits by 19% for those who were born in 1960 and later.
June 8 -
The Consumer Financial Protection Bureau has received more than 14,500 individual comments on its model mortgage disclosure forms.
June 8 -
Federal Reserve chairman Ben Bernanke expects hiring and economic growth to "pick up" in the second half of this year, but the nation’s central banker did not provide any encouraging words for the housing industry.
June 8 -
Despite a rocky housing market, American voters still believe that owning a home is an important goal and is one of the best investments they can make, according to a poll commissioned by the National Association of Home Builders.
June 7 -
Add the name of Alexander ‘Zan’ Hamilton to the growing list of former mortgage bankers who are hoping to get back into the game.
June 7 -
Concern over rising energy prices and a lack of urgency to buy in a declining home price market has real estate agents reporting declining homebuyer traffic and prices.
June 7 -
Two Harbors Investment Corp. said at press time last month it was closing on a $100 million mortgage warehouse facility with Barclays Bank and would be acquiring prime jumbo residential mortgages for eventual securitization from select originators.
June 7 -
Not everyone is cut out to be either a sales person or an entrepreneur. I speak from personal experience. I have worked in a number of positions in my life where I was involved with sales functions (but not a salesman myself) or had the opportunity to acquire a business. But I was not ready or willing to take the risk.
June 7
National Mortgage News






