FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

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Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Hotel Default Raises CMBS Delinquency, Trepp Says

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The overall delinquency rate among commercial mortgage-backed securities (CMBS) rose 85 bps to 5.65% in November, from 4.8% a month earlier, according to a monthly report by CMBS and commercial mortgage information provider Trepp. The share of delinquent lodging loans -- including hotels -- jumped from 8.67% in October to 14.09% in November. The jump was largely due to the Extended Stay Hotel delinquency, which contributed more than half of the month's overall increase. Without the Extended Stay delinquency, the lodging delinquency rate would have increased 64 bps. Industrial loans inched up to 3.33% delinquent from 3.18%, while office loans ticked up to 3.14% from 3.08%. Multifamily loans rose to 8.78% delinquent from 7.66% a month earlier and retail loans reached 4.78% delinquent from 4.53%. CMBS spreads reversed course, with 10-year triple-A spreads widening by 80 bps to swaps on average. Write to Diana Golobay.

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