“There have been just two months in the past decade with fewer home sales [than in May 2024]: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low,” Redfin said.

A big part of the gain in issuance came from deals backed by industrial properties...

Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”

Retail properties accounted for 68.5% of total losses...

A decrease in competition from banks is helping Velocity Financial with business purpose loans.

NYCB’s fourth-quarter results went from a $252 million net loss as reported Jan. 31 to a $2.71 billion loss.

NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.

NYCB recently took unexpected losses on its commercial lending and passed an asset threshold that prompts increased scrutiny by federal regulators.

One positive: Financing for retail properties and hotels actually saw gains in the fourth quarter.

Lower interest rates didn't translate into higher home sales in November.