Latest news from http://www.mortgagebiznews.com http://www.mortgagebiznews.com http://feedproxy.google.com/~r/Housingwire/~3/_MkFWwEYF38/multifamily-mortgage-originations-jump-13-2 Mon, 06 Feb 2012 09:37:41 -0500 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. read more 32540 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/3mJOKLbBv4E/monday-morning-cup-coffee-wells-tops-multifamily-servicing Sun, 05 Feb 2012 20:51:45 -0500 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.    read more 32534 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/LV5yyAKjxxY/39-republican-senators-challenge-cordray-cfpb-recess-appointment Fri, 03 Feb 2012 17:40:36 -0500 A group of 39 republican senators filed an amicus brief to join a court challenge of the Consumer Financial Protection Bureau director recess appointment. read more 32531 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/JNXlm1DgPs4/new-fha-standards-will-increase-ginnie-mae-prepayment-risk Fri, 03 Feb 2012 17:13:18 -0500 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. read more 32528 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/uM8C-XB0tig/illinois-use-another-55-million-rehab-vacant-homes Fri, 03 Feb 2012 16:37:11 -0500 The state of Illinois will launch a $55 million pilot program to finance the rehabilitation of previously foreclosed homes and help potential homebuyers purchase them. read more 32527 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/yTY_FE_J3pg/ny-loans-weigh-down-multifamily-cmbs-performance Fri, 03 Feb 2012 15:14:44 -0500 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. read more 32525 at http://www.housingwire.com 40.75 -74.1 http://feedproxy.google.com/~r/Housingwire/~3/sIwlS8Lw-SM/slow-going-covered-bond-legislation Fri, 03 Feb 2012 13:56:39 -0500 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. According to the bill,... 32523 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/VsZdC-Lk0JE/suit-against-goldman-sachs-over-rmbs-obtains-class-action-status Fri, 03 Feb 2012 13:25:21 -0500 A pension fund suing Goldman Sachs for selling investors $698 million in high-risk, mortgage-backed securities obtained class-action status this week. read more 32522 at http://www.housingwire.com http://feedproxy.google.com/~r/Housingwire/~3/FVsE6zbbpfM/ny-ag-sues-big-banks-mers-mishandling-foreclosure-documents Fri, 03 Feb 2012 12:36:01 -0500 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. read more 32521 at http://www.housingwire.com 40.75 -74.1 http://feedproxy.google.com/~r/Housingwire/~3/HxKtU-HlgrY/housing-adds-little-employment-growth Fri, 03 Feb 2012 12:23:31 -0500 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. read more 32518 at http://www.housingwire.com