Freddie Mac Delinquency Nears Post-Crisis Low
After ascending to the highest level in two years, secondary activity the Federal Home Loan Mortgage Corp. slipped. Delinquency, however, improved and now stands near its lowest level since the financial crisis erupted.
CMBS Lates Hold as Industrial, Office Loans Jump
Although the monthly rate of past-due payments held steady on securitized commercial real estate loans, the rate was up 10 basis points on industrial and office property loans.
Biggest Commercial Mortgage Servicers
The list of the largest servicers of commercial real estate loans is in, and the biggest overall servicer is also the top servicer of Freddie Mac loans and securitized mortgages.
FHA Business Improves, Delinquency Declines
More residential lending products were insured by the government on a monthly basis, while delinquency on government-insured mortgages moved lower.
CMBS Delinquency Slips, Multifamily Leads Drop
Performance on securitized commercial real estate loans saw a slight decline last month, with apartment loan experiencing the biggest improvement.
Ginnie Mae Issuance Climbs to Record High
Residential and commercial mortgage securitizations backed by the Government National Mortgage Association surged to the highest level in the history of the company.
Taxpayer Profits from GSEs Exceed $50 Billion
U.S. taxpayers' bailout investments in the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. have now yielded more than $50 billion in net profits thanks to a stellar quarter.
GSEs Lead Rise in CRE Loan Originations
Quarterly commercial mortgage production moved up from the prior three-month period, and government-sponsored enterprise loans led the increase.
Non-Agency QM Lending Standards Easing
Bank lending standards are easing on loans that meet the Qualified Mortgage classification but are not agency-eligible -- especially at larger banks. Demand has grown stronger over the past three months for both residential and commercial real estate loans.
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.