Multifamily Originations, Outstandings Increase
As mortgage bankers grew the volume of apartment loans originated last year, the amount of multifamily loans outstanding expanded.
5th 3rd Ekes Out Gain in Mortgage Originations
Fifth Third Bancorp reported a small quarterly gain in residential loans production. Its mortgage investment portfolio grew, but its servicing portfolio was off.
Mortgage Losses Widen at BofA
An increase in new home lending at Bank of America Corp. wasn't enough to offset the cost of a recent massive settlement with the government.
Wells Fargo Mtg Originations Flat, Delinquency Up
Residential loan production moved minimally higher at Wells Fargo & Co. But performance deteriorated on mortgages in both its servicing portfolio and investment portfolio.
Small Multifamily Loan Program Launches
A new agency program that has been created to finance multifamily loans is targeted at smaller apartment properties.
MBS Issuance Recedes at Ginnie
The volume of monthly securitizations moved lower at the Government National Mortgage Association. Both residential and commercial real estate activity were down.
Freddie Reports Solid August
The Federal Home Loan Mortgage Corp. saw its strongest month this year in new business. It's been more than a half decade since residential delinquency was this low.
Drop in Industrial Property Loan Lates Lead CMBS
Performance on industrial property loans was more improved last month than on any other type of securitized commercial real estate loan.
Fannie Multifamily Delinquency at 6-Year Low
The delinquency rate on apartment loans at the Federal National Mortgage Association fell to the lowest level in more than six years. Even serious delinquency on residential loans tumbled to a nearly six-year low.
Strong Month for FHA
The monthly origination of government-insured mortgages accelerated. At the same time, the rate of late payments moved lower.