Homes in the Las Vegas area sold at the fastest pace for an April in seven years due, in large, to investor and cash buying...
Lender Flagstar Bancorp is reportedly considering the sale of $70 billion in mortgage servicing rights. Bloomberg reported on...
Commercial mortgage-backed securities markets are improving, the Federal Reserve reported Thursday in its quarterly survey of senior credit officers.
Markets for securities linked to commercial mortgages and consumer assets, such as car loans and credit card payments, are more liquid for the three months ending in February than in the previous two quarters, the report stated.
The pay-off rate on CMBS loans making scheduled balloon payments hit 61.6% in February, the second highest performance rate since December of 2008, according to Trepp analytics.
Trepp reported that loan curing and new issuance helped the CMBS delinquency rate in February fall to 9.37%, down 15 basis points from January.
— Justin T. Hilley
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