Ginnie Issuance at 6-Year Low
The last time business was this slow at the Government National Mortgage Association was before the financial crisis exploded.
CRE Lending at Failed Bank Focus of FDIC Lawsuit
Former directors and executives of Bradford Bank are accused in federal lawsuit of disregarding prudent lending practices on commercial real estate loans.
The Mortgage Production Journal
A hard money lender, a commercial real estate lender and even a U.S. government agency all reported record annual mortgage originations. Several lenders claimed the top spots in their respective cities.
CMBS Delinquency Down for 9 Straight Months
The sale of distressed assets was behind a big drop last month in delinquency on loans included in commercial mortgage-backed securities. Performance improvement was greatest on industrial property loans.
CRE Loan Performance Maintains Positive Trend
All types of lenders except the Federal Home Loan Mortgage Corp. saw a decline in delinquency rates on commercial real estate loans.
5-Year Low for New Business, Delinquency at Fannie
It's been five years since new secondary activity at the Federal National Mortgage Association has been this slow. It's been even longer since delinquency was this low.
Taxpayers Solidly in the Black on Freddie Bailout
A series of one-time events at the Federal Home Loan Mortgage Corp. pushed earnings significantly higher last year -- leaving taxpayers with a tidy profit. But the level of earnings is not expected to continue.
CMBS Delinquency Expected to Decline Further
Despite deterioration in delinquency on four commercial property types, overall performance on commercial mortgage-backed securities managed an improvement last month. The forecast calls for delinquency to decline at least another 130 basis points this year.
Worst Month for Freddie Since 2008
New business at the Federal Home Loan Mortgage Corp. fell to the lowest level since just after it was seized by the government. Loan performance, however, continued to improve.
Taxpayers Made Whole in Fannie Bailout
Dividends being paid to the Treasury Department by the Federal National Mortgage Association exceed taxpayer-funded bailout draws. The company expects to be profitable for the foreseeable future, though nowhere near as profitable as it was last year.