February 6, 2012
Fourth-quarter originations of commercial and multifamily loans grew 13% from a year earlier, while declining 7% from the third quarter, an industry trade group said Monday.
February 5, 2012
Wells Fargo ranks as the nation's largest commercial and multifamily mortgage servicer, with the firm handling $437.7 billion in U.S. master and primary servicing business by the end of 2011, the Mortgage Bankers Association said in its year-end servicing report for 2011.
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February 3, 2012
A group of 39 republican senators filed an amicus brief to join a court challenge of the Consumer Financial Protection Bureau director recess appointment.
The Federal Housing Administration's recently announced plans to tighten its standards for approving lenders will increase prepayment risks for investors who own Ginnie Mae-back securities, analysts at Barclays Capital say.
Multifamily loans backing commercial mortgage-backed securities are performing better than expected, but remain weighed down by the influence of rent-stabilized properties in New York, a Fitch Ratings report said Friday.
Progress is slow on legislation establishing a regulatory framework for a U.S. covered bond system to finance mortgages.
The House Finance Services Committee passed a bill from Reps. Scott Garrett, R-N.J., and Carolyn Maloney, D-N.Y., in June. But it hasn't moved to the floor yet. Because of a tax provision in the bill on how firms would account for a covered bond, the bill must pass through the House Committee on Means & Ways, according to congressional aides.
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A pension fund suing Goldman Sachs for selling investors $698 million in high-risk, mortgage-backed securities obtained class-action status this week.
New York Attorney General Eric Schneiderman filed a lawsuit Friday against three of the nation's biggest banks and Mortgage Electronic Registration Systems over allegedly fraudulent foreclosure actions.
...The January employment gains, the strongest since April, are partly due to healthy payroll additions in construction, but recent data on housing construction and starts suggest residential construction contributed little.