CMBS delinquencies declined by 36 basis points to 7.81% in December, well below the peak of 10.34% in June, according to analytics provider Trepp.

Mike Fratantoni, chief economist at the MBA, said the increase is linked to the rise in COVID-19 infections, a disease that continues to whipsaw the economy.

To be eligible for pooling in Ginnie HMBS, all LIBOR-based HECM loans must close and fund prior to Feb. 1, 2021.

It was that kind of year in 2020: chatter about fat checks for CEO/proprietors. Some may have earned more than the nation’s top athletes but probably less than Oprah.

The calendar has just turned and already we have a decent-sized M&A deal.

The task force said Congress should authorize the bureau to issue federal licenses to non-depositories that provide lending services. But any proposal to preempt state licensing laws will face significant pushback.

Every now and then the idea of spinning off the FHA into a separate unit is floated. As usual, it’s expected to go nowhere.

Rates are rising and that means an end to the refi boom? Don’t bet on it.

Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios...