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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U.S. home prices rise by 4% in December

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%.

Feb 17, 2020 By
3d rendering of a row of luxury townhouses along a street

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