Average home prices increase 2.2% in May: Case-Shiller The S&P CoreLogic Case-Shiller 20-city home price index in the US rose 2.5 percent year-on-year in April 2019, easing from a revised 2.6 percent increase in the previous month and missing market expectations of 2.6 percent. It was the smallest annual gain in house prices since August 2012.
Transforming Real Estate Finance A CMBS Primer Editors: Howard Esaki, Marielle Jan de Beur, Masumi Pearl This book is an overview of the commercial mortgage-backed securities (CMBS) market. In some sense, this book has been over five years in the making, as it includes excerpts from research publications from as early as 1997.
Flagstar Bancorp announces mass layoff FHA to raise insurance premiums in April FHA Premiums to Rise April 1 – Nesbitt Realty & Property. – The annual fee on the majority of FHA loans will rise by 0.1 percent on April 1. This marks the third time the FHA has increased its mortgage insurance premiums in two years. And since 2008, the fee has nearly tripled. Some borrowers are rushing to beat the april 1 deadline. The FHA premium hikes are part of an effort by the agency to increase its insurance fund.Metro Detroit-based Flagstar Bank laying off 600 employees. – Troy-based Flagstar Bancorp. announced in a release Thursday that a "restructuring initiative" will ultimately result in 600 layoffs from its Sept. 30, 2013 headcount level.
· The delinquency rate jumped 2.06 percentage points from a year ago to a record 7.88 percent. The share of loans in the foreclosure process leaped 1.26 percentage point in the year to a record 3.30 percent. mba started tracking the data in 1972. Housing has yanked down the U.S. economy growth after being a key driver of it earlier this decade.
CMBS Delinquencies Rise Another $2.9 Billion and CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint. Ukraine May Abandon Eurobond Sale If Too-High Yield Demanded, Tigipko Says. Bankruptcy filings up 14% in 2010. State bankruptcy levels highest in decade (Minnesota) United Space Alliance announces shuttle layoffs (800 to 1,000 jobs)
According to an analysis by Realpoint, reported by HousingWire, delinquencies in commercial mortgage -backed securities (CMBS) in the US increased to 7.2%, and more than triple the rate a year ago. In May, the total delinquent unpaid balance for these loans reached $57.3 billion.
We intend to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes commencing with our taxable year ending December 31, 2014, or the first year in which we.
· Last week, the government reported that the U.S. jobless rate rose 0.4 percentage point to 7.2 percent for December. Less than a year ago, the rate stood at just 5 percent. Much of the multifamily sector’s problems center on troubles in converting apartments to condominiums, as is the case in Miami, or on the challenges in converting rent.
Surefield launches free home price tool Ocwen Donates $200K to Foreclosure Prevention WASHINGTON – The federal government is engaged in a massive mortgage modification program that’s on track to send billions in tax dollars to many of the very companies that judges or regulators have cited in recent years for abusive mortgage practices.New for 2018, a Next Generation professional full function, Full Coverage Scan Tool. The new TORQUE includes an exciting new user interface making the TORQUE the easiest to use professional scan tool in the industry. The Torque features a unique Intelligent VIN Acquisition and Decoding Feature allowing vehicle access in seconds.
The delinquency rate for US commercial real estate loans in. down from 5.18 percent from one year ago, according to new data from Trepp LLC.
According to an analysis by Realpoint, reported by HousingWire, delinquencies in commercial mortgage -backed securities (CMBS) in the US increased to 7.2%, and more than triple the rate a year ago.
The first year of the so-called three-year maturity wave went well, with the 2015 payoff rate for $60.39 billion of maturing CMBS loans ending at 84.9%, in line with what Morningstar forecast at the end of the first quarter of 2015.