Ginnie's Jumbo Issuance Sinks to 4-Year Low
As monthly issuance ascended to the highest level in nine months at the Government National Mortgage Association, jumbo securitizations retreated to a low not seen in nearly four years.
30-Day CMBS Rate Dips to New Post-Crisis Low
A tiny decline in the monthly rate of delinquency on securitized commercial real estate loans was enough to take it to a new post-crisis low. Most of the distressed loans are pre-crisis.
New President at Freddie Mac, CEO Leaving
In addition to disclosing that it has appointed a new president, the Federal Home Loan Mortgage Corp. has revealed that its current chief executive officer will be leaving. The domino effect impacts its multifamily business.
Record Low Bank CRE Loan Delinquency Rate
A record-low was reported for delinquency on commercial real estate loans owned by banks. The rate on securitized CRE loans was its lowest in nearly a decade with further improvement to follow.
Serious Delinquency at Fannie Lowest in Nearly 11 Years
Monthly new business slipped at Fannie Mae. Loan performance on the secondary lender's residential portfolio was the best it's been in nearly 11 years. Multifamily delinquency was off.
Biggest Commercial Mortgage Servicers of 2018
In the latest ranking of the largest servicers of commercial real estate loans, one organization continued to dominate the field.
CMBS Delinquency Lowest in 9 Years
A more than 20-basis-point drop in delinquency on securitized commercial real estate loans left the rate at its lowest level in nine years. Multifamily delinquency was lowest.
Freddie's Delinquency Lowest in Over 10 Years
Single-family serious mortgage delinquency dipped to the lowest level in more than a decade at the Federal Home Loan Mortgage Corp. New business declined, however.
CMBS Originations Lead CRE Lending Up From Q1
Commercial real estate loans originated for securitization soared from the prior quarter, while government-sponsored CRE financing activities had the biggest gain from a year prior.
Construction Permits Up, Completed Constr Down
Even though the volume of housing permit issuance was up last month, the pace of completed construction slowed. Construction starts were little changed.