Are Banks Trying to Squeeze Out Mortgage Brokers?

Orange County Register, Oct. 1, 2020–Jeff LazersonBank of America told a Thousand Oaks broker it was closing her business checking account because of her occupation. Then, the account was reinstated …

Mortgage Lender Caliber Home Loans Prepares for an IPO

Wall Street Journal, Oct. 1, 2020–Peter Rudegeair, Cara Lombardo (subscription)Caliber Home Loans Inc. is preparing for an initial public offering that could value the company, one of the largest U.S. …

New York, San Francisco Rents Plunge in Work-at-Home Shift

Bloomberg, Oct. 1, 2020–Prashant GopalApartment rents are plunging in high-cost cities from New York to San Francisco. Now, places that were less popular before the pandemic are suddenly in high …

Freddie Mac Preparing to Launch New Type of Multifamily Mortgage Bond

National Mortgage News, Oct. 1, 2020–Bonnie Sinnock (subscription)The government-sponsored enterprise’s first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie’s K-Deal program.https://www.nationalmortgagenews.com/news/freddie-mac-preparing-to-launch-new-type-of-multifamily-mortgage-bond

Commercial Mortgage Debt Rises as Originations Fall

GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …