Insurance regulators are seeking a firm to review commercial mortgage-backed securities after hiring Pacific Investment Management Co. to assess the industry’s home-loan investments. State insurance commissioners, in search of an alternative to rating firms Moody’s Investors Service and Standard & Poor’s, could pick an evaluator by Sept. 3 to review investment losses that carriers might suffer on about 7,500 commercial mortgage- backed securities.
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With rapid change in the industry, real estate agents can choose to fight for the status quo or they can evolve and adapt, HousingWire Columnist Dustin Brohm writes.
Last December, home prices climbed by 4% from the previous year, according to CoreLogic. By the end of this year, the company projects they’ll increase by 5.2%.