Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

DebtX to Sell $234m HUD Commercial Mortgage Portfolio

Boston-based loan sale advisor DebtX will sell $234m of multifamily and healthcare loans for the US Department of Housing and Urban Development (HUD). DebtX — through its KDX Ventures partnership with Hillsborough, NC-based boutique investment banking firm KEMA Advisors — will accept bids on the HUD portfolio until 1 p.m. ET on Sept. 9, 2010. Investors are able to bid on individual loans or pre-determined loan pools. The portfolio consists of 18 multifamily commercial real estate loans and three healthcare loans, ranging in size from $1m to $44.3m. The collateral on the loans is located in Arizona, Connecticut, Washington DC, Florida, Kentucky, Michigan, Minnesota, North Carolina, Ohio and Rhode Island. “This is another HUD portfolio that will appeal to both national and regional buyers,” said DebtX CEO Kingsley Greenland. “Because of HUD’s outstanding reputation, we again expect very active bidding.” The offer builds on another recent auction of non-performing loans for HUD. In April, KDX Ventures auctioned $306m of multifamily and healthcare loans for HUD. Sixty-seven bidders submitted more than 200 individual and pool bids for the 26 loans offered. The 12 winning bids generated proceeds of more than 48% of the unpaid principal balance. The strong investor interest comes as the price of commercial mortgages continues to rebound from recent declines. The value of commercial real estate (CRE) loans that collateralize commercial mortgage-backed securities (CMBS) priced by DebtX rose to 77.4% at the end of June from 76.6% in May. Write to Diana Golobay.

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

Rocket Pro TPO redesigns pricing calculator for brokers

Rocket Pro TPO aims to help its broker partners grow their businesses. The new Pricing Calculator provides brokers with fast, reliable and accessible information that can help differentiate them from competitors. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. 

Oct 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please