Tag Archives: highest

CMBS defeasance hits highest level in six years

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CMBS defeasance hits highest level in six years
… substituting Aaa-rated US government securities for real estate collateral," said Temperamental"s Vice President and Senior Credit Officer Sandra Ruffin. By property type, multifamily made up 17% of the largest shares of defeased loans. View the discussion …
Read more on Housing Wire

Centerline Capital Group's Hires Jeffrey J. Ballaine in Mortgage Banking Unit
(Thomson Reuters ONE via COMTEX) — New York, NY – March 27, 2013 – Centerline Capital Group ("Centerline"), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of …
Read more on MarketWatch (press release)

CRE Loan Delinquencies Continue to Ebb
Last year was supposed to be a huge, terrible year for delinquent loans. More than $ 100 billion in commercial and multifamily mortgages came due in 2012. Many experts worried that there would be a toxic wave of overleveraged mortgages, originated in the …
Read more on National Real Estate Investor

Commercial/Multifamily Mortgage Debt Increases by Largest Amount Since 2008
“The fourth quarter saw the largest increase in commercial and multifamily mortgage debt outstanding since 2008. Bank-held commercial mortgages increased by the largest amount since 2008. The balance of loans held in CMBS rose by the most since 2007 …
Read more on RealEstateRama (press release)

UK mortgage approvals highest in 11 months

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UK mortgage approvals highest in 11 months
Rates offered on fixed-rate mortgages have fallen sharply in recent weeks. Yorkshire Building Society has become the latest lender to launch a 1.99 per cent two-year fixed-rate mortgage. Even on a five-year fixed rate mortgage, rates are now as low as …
Read more on Telegraph.co.uk

Mortgage delinquency rate declines, foreclosure rises in Whatcom County
Fewer Whatcom County residents are late on their mortgage payments, but more are dealing with home foreclosure, according to a new report. The percentage of Whatcom County loans that are more than 90 days delinquent was 4.16 in November, the …
Read more on Bellingham Herald

Wells Fargo Mortgage Rate Deals Today
5/1 Adjustable Rate Mortgages have been offered at 2.250% at Wells and an APR of 3.047%. ARMs and their APRs change as interest rates go up and down. 5/1 FHA Adjustable Rate Mortgages are published at 2.250% and an APR of 2.579%.
Read more on Press Blue