MBS Issuance Slowest in 5 Months at Ginnie
Securitizations on behalf of the Government National Mortgage Association turned lower last month, falling to the slowest volume in five months. The weak performance came off of a record year.
Quarterly CMBS Issuance Highest in 3 Years
Quarterly securitizations of non-agency commercial real estate loans climbed to the highest level in three years, while year-to-date volume is well ahead of last year.
CMBS, Hotels Lead Increase in CRE Lending
Quarterly commercial real estate loan production moved higher. Leading the improvement from a year earlier were securitized loans and hotels.
Fannie's Financing Off From Year Ago, Income Holds
Quarterly mortgage financing provided by Fannie Mae fell by more than $30 billion from a year earlier, though activity has accelerated from three months earlier. Earnings were little changed.
FHLMC Issuance Soars as FNMA Drops and GNMA Off
A month-over-month surge in the issuance of Freddie Mac mortgage-backed securities wasn't enough to offset deterioration at its agency counterparts.
Business Edges Up Again at Fannie, SF Lates Rise
New business was up for the second consecutive month at Fannie Mae, though just slightly. Residential loan delinquency turned up 2 basis points from a nearly decade low.
CMBS Defaults Sink, Hotel Delinquency Plunges
Servicers of securitized commercial real estate loans issued just prior to the financial crisis have weathered the storm of defaults on maturing loans, as hotel loans led a plunge in delinquency.
CMBS Delinquency Down 3rd Consecutive Month
For the third month in a row, the rate of late payments on loans included in commercial mortgage-backed securities improved. Office loans led the decline.
RBS Settles Mortgage-Related Securities Charges
RBS Securities Inc. has reached a settlement with the government over allegations it deceived customers on mortgage-related securities transactions.
Freddie's New Business Falls, Delinquency Rises
Delinquency deteriorated and new business stumbled at the Federal Home Loan Mortgage Corp. But the company's book of business continued to expand.