Office, Industrial Originations Up
Commercial banks and life insurers increased their quarterly originations of commercial mortgages, with office and industrial loan production picking up. But a big drop in conduit and agency business as well as a decline in hotel and health-care fundings helped drag overall commercial activity lower.
Fannie's Performance Worsens
While Fannie Mae's massive book of business climbed -- secondary purchases fell, residential delinquency reached another record and multifamily delinquency maintained its record level.
HFF Business Picks Up
HFF Inc. saw quarterly originations of commercial mortgages climb, though volume was still down by half from last year.
Lenders Warn About Forcing 'Skin in the Game'
Pending legislation would force mortgage bankers to retain "skin in the game" on residential loans they originate -- a move that could be catastrophic according to the industry's primary trade group. In addition, the group is calling for commercial mortgage lenders to be completely exempt from such legislation.
Huge Commercial Mortgage Firm Bankrupt
Over the weekend, the third-biggest U.S. commercial mortgage servicer filed for bankruptcy.
Mixed Bag at SunTrust
Home loan fundings fell at SunTrust Banks Inc., but residential and commercial delinquency improved.
PNC Fundings Fall, But Delinquency & Earnings Improve
Quarterly residential originations plummeted and commercial mortgage delinquency rose at PNC Financial Services Group Inc. But earnings and residential delinquency saw a big improvement.
Delinquency Doubles at U.S. Bancorp
Compared to last year's third quarter -- residential originations, residential delinquency and commercial mortgage delinquency have roughly doubled at U.S. Bancorp.
Res, CRE Delinquency Improve at Regions as HEL Lates Surge
As first-mortgage and commercial mortgage delinquency improved at Regions Financial Corp., home-equity delinquency was up by half. Residential originations, meanwhile, were down.
Mixed Results for BB&T
The residential servicing portfolio and headcount grew at BB&T Corp., but quarterly originations, earnings and mortgage holdings fell. Commercial mortgage holdings stood at more than $12 billion.
BoA Surpasses $300 Billion in '09 Fundings
The bad news is that residential originations fell and residential late payments rose at Bank of America Corp. The good news is that home-equity loan delinquency moderated and commercial mortgage delinquency fell. In addition, the banking behemoth managed to exceed $300 billion in volume so far in 2009.
