More needs to be done to close the racial and ethnic homeownership gaps, according to speakers at a conference hosted by the National Association of Affordable Housing Lenders.
In a recent survey, real estate agents told HomeLight that changes to their commission structure has caused confusion for their clients and added new hurdles to the homebuying process.
The data tape is designed to replace the data tape established by the American Securitization Forum in 2009, providing more standardization to the prime non-agency MBS market.
A AAA-rated tranche of a commercial MBS issued after 2010 suffered losses recently, a first for the market. The Financial Stability Oversight Council said such losses are not likely to be widespread.
At yearend, traders and lenders are trying to get a handle on the direction of interest rates, with geopolitical events potentially playing a larger role than originally thought.
A loan for the Fontainebleau Miami Beach Resort will back a $975.0 million commercial MBS. The venue hosts the ABS East conference and is adding to its convention space.
Officials at Rithm Capital believe that regulatory uncertainty will lead banks to sell more assets through asset-based finance structures, turning to asset managers like Rithm.
The Mortgage Bankers Association said HUD regulations don’t expressly prohibit convenience fees, and a retroactive administrative enforcement of an “apparent new policy” is inappropriate and misguided.
As nonbanks go, so goes the warehouse lending sector. Commitment levels are rising but higher interest rates could cause some turbulence in the months ahead. (Includes data table.)
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