CMBS Delinquency Resumes Decline
Despite deterioration in the performance of industrial property loans, multifamily mortgages and office property loans --overall delinquency on securitized commercial real estate loans improved last month.
Excellent Month at Fannie Mae
New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.
Hotel Loans Lead Drop in CMBS Delinquency
With hotel mortgages leading the way, the rate of past-due payments on securitized commercial real estate loans continued falling to a multi-year low. Retail property loans, however, suffered a significant setback.
EverBank's Home Lending Rises, Servicing Falls
Quarterly home lending activity picked up at EverBank Financial Corp. Despite an increase in residential assets, the total servicing portfolio was down as the company sold off mortgage servicing rights.
Flagstar Mortgage Production, Servicing Grow
Quarterly home loan originations picked up at Flagstar Bancorp Inc. In addition, the financial institution's mortgage servicing portfolio expanded.
Best Month for Freddie's New Business in 2 Years
New business at the Federal Home Loan Mortgage Corp. escalated to the highest level in two years, while serious delinquency was down to the lowest level in more than six years.
Huntington's Mortgage Biz Gains Across the Board
Residential mortgage origination volume and servicing grew at Huntington Bancshares Inc., while the company also yielded higher quarter-over-quarter mortgage earnings.
Multifamily Issuance Continues to Soar at Fannie
The quarterly securitization of commercial real estate loans backed by apartment properties continued to accelerate at the Federal National Mortgage Association.
5th 3rd Home Lending Rises Over a Third
Quarterly home loan closing volume increased by more than a third for Fifth Third Bancorp. But its earnings decreased, and the servicing portfolio shrank.
Purchase Mortgage Production Soars at Regions
Quarterly home lending activity at Regions Financial Corp. popped thanks to a nearly one-half surge in purchase financing. In addition, company earnings got better. But mortgage delinquency worsened.