The mortgage market risk no one’s talking about, plus a proposal to redesign the system

The mortgage market risk no one’s talking about, plus a proposal to redesign the system

Nearly ten years ago, the collapse of the sub-prime mortgage market sent the U.S. economy into a tailspin. As housing prices dropped and unemployment climbed, vulnerable households found themselves unable to refinance the mortgages they borrowed under better economic circumstances. Struggling to meet ever-increasing monthly payments, more and more homeowners defaulted on their mortgages.

Read More

Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale

Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale

After nearly a month of marketing, Fannie Mae, in conjunction with Wells Fargo Securities and The Williams Capital Group, has sold 3,418 loans with a cumulative unpaid principle balance (UPB) of $581 million in a continued effort to reduce the number of delinquent loans in its portfolio. This is the companies 10th nonperforming loan sale.

Read More

5 LARGEST CMBS LOAN LOSSES - MARCH 2017

5 LARGEST CMBS LOAN LOSSES - MARCH 2017

The recent trend of high monthly disposition volumes continued in March as 73 CMBS loans totaling $1.5 billion were liquidated last month, the highest such volume in 15 months. Due to the resolution of several large office and retail notes, average loan size remained elevated at $20.5 million, up slightly from $20.4 million in February. Overall loss severity ticked down for the third straight month, falling to an average loss rate of 32.17% in March from 48.76% in February, and a recent high of 57.83% in January.

Read More