The commercial mortgage-backed securities delinquency rate rose again in April as numerous loans reaching their balloon date failed to pay off, reported Trepp, New York.
Category: News and Trends
Morningstar: With Few Bulk Buying Opportunities, Rental Home Buyers Shift Focus to Southeast
Morningstar Credit Ratings LLC, New York, said fewer distressed buying opportunities for institutional investors in single-family rental houses has led to a shift of securitized properties from the southwest United States to the southeast.
Fannie Mae, Freddie Mac Submit ‘Duty to Serve’ Protocols; FHFA Extends Comment Period
Fannie Mae and Freddie Mac yesterday submitted their Duty to Serve Underserved Markets Plan to the Federal Housing Finance Agency for public comment.
Seriously Underwater Properties Creep Up in 1Q
ATTOM Data Solutions, Irvine, Calif., said seriously underwater U.S. properties rose slightly in the first quarter, reflecting parts of the country where negative equity remains “stubbornly high.”
Big-Name Retail Closures Need Not Threaten Rents
Several major retailers have announced large store closures in recent months. But there is little evidence that the closings had a direct effect on retail rents, reported Reis, New York.
GSE Execs Cite Origination Declines, but ‘Robust’ Business Environment
NEW YORK–Senior officials from Fannie Mae and Freddie Mac offered a cautiously optimistic forecast for the secondary mortgage market in the near future, despite projected declines in volume.
GSE Execs Cite Origination Declines, but ‘Robust’ Business Environment
NEW YORK–Senior officials from Fannie Mae and Freddie Mac offered a cautiously optimistic forecast for the secondary mortgage market in the near future, despite projected declines in volume.
HomeAdvisor Survey: Strong Growth in Home Improvement Spending
Homeowners seeking to tackle home improvement projects appear undeterred by political and economic uncertainties and are spending nearly 60 percent more than a year ago on home improvement, reported HomeAdvisor.
Secondary Market Reform: Moving from Concept to Reality
NEW YORK–After years of sitting in limbo, can substantive, comprehensive reform of Fannie Mae and Freddie Mac finally be possible?
Black Knight: ‘Final Wave’ of Pre-Crisis HELOCs to Reset This Year
Black Knight Financial Services, Jacksonville, Fla., said more than 1.5 million home equity lines of credit will see interest-only draw periods end in 2017, representing the final wave of pre-crisis home equity lines.