How to simplify the appraisal process for everyone in today’s hot market

The housing market isn't slowing down anytime soon, and appraisers need to make sure they have the right tools to manage the high demand.

Who’s afraid of the PSPA?

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the FHFA should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

Back to the Future of Mortgage Lending

This webinar will discuss what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on jobs data and the bond market

In this episode of HousingWire Daily, Logan Mohtashami discusses what the jobs data, changes in the bond market, and the Omicron variant could mean for housing.

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.

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