Healthcare Property Loans Worst CMBS Performers
When it comes to losses on commercial real estate loans that are securitized, mortgages to finance health care properties take the gold and silver medals.
CRE Delinquency at Multi-Year Lows
It's been more than four years since delinquency on securitized commercial real estate loans has been this low, while it's been even longer since performance on Freddie Mac and bank-owned CRE loans has been this good.
FHA Delinquency Up, Outstandings Down
Although monthly government mortgage originations strengthened, the Federal Housing Administration's book of business diminished and delinquency worsened.
CMBS Delinquency Rate Rises in August
After more than a year of month-over-month-declines, the past due rate on securitized commercial real estate loans worsened last month.
Another Solid Month at Fannie Mae
New business rose to the highest level in eight months at the Federal National Mortgage Association, while serious delinquency fell to its lowest level in nearly six years.
Freddie's Total Mortgage Portfolio Expands
Freddie Mac's new secondary business moved higher again, while both residential and multifamily delinquency, once again, moved lower. The firm's massive mortgage portfolio increased.
CMBS Delinquency Ticks Up in July
For the first time since 2012, the late payment rate on securitized commercial real estate loans moved higher. Out front of the deterioration were loans secured by office buildings.
Ginnie Mae Lifts MBS Issuance 4 Months in a Row
For four consecutive months now, issuance of Ginnie Mae mortgage-backed securities has strengthened -- though annual activity is still set for a steep decline.
Taxpayers Net Over $31 Billion From GSE Bailouts
Earnings at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. were down as settlement proceeds diminished. Taxpayers have reaped a $31 billion return from their bailout of the two government-sponsored enterprises.
Multifamily Issuance Sinks from 2013 at Fannie
The Federal National Mortgage Association's quarterly securitizations of apartment loans tumbled from a year earlier. Business was up, however, on a quarter-over-quarter basis.