J.P. Morgan Mortgage Trust 2026-NQM5 tops $1 billion with diverse loan mix
The offering is backed by 1,902 first-lien residential mortgage loans, including both fixed- and adjustable-rate mortgages across prime and non-prime borrowers.
Real estate
Durst deal offers investors range of office CMBS strengths
The regulatory fate of TikTok, the largest tenant in New York City's One Five One tower, remains unknown.
By
John Hintze
BMO CMBS raises $698 million for diverse property pool
Diversity and metropolitan focus could provide resiliency in economic downturns
Commercial real estate faces new challenges after LA fires
Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.
The top 20 real estate funds of the decade
The real estate sector has been rocky in recent years. But for those investors willing to ride out the ups and downs, these 20 funds have paid off.
PacWest shares rebound following deals to sell real estate loans
The beleaguered bank said it is selling 74 loans totaling about $2.6 billion to a subsidiary of Kennedy-Wilson Holdings. The move is part of a plan to pursue strategic asset sales, trim expenses and shore up its balance sheet.
Manhattan gentrifier stumbles with rental apartment bankruptcies
A real estate firm focused on gentrifying neighborhoods is showing cracks after a group of its apartment buildings in New York’s Upper West Side and Harlem filed for bankruptcy.
$1B affordable housing fund launched to counter private equity buys
Three nonprofits look to create or preserve 10,000 units, vowing to fight off firms like Blackstone and Colony Capital, which bought up foreclosed homes after Great Recession.
Blackstone gets back into rental houses with Tricon deal
Blackstone Group, which led Wall Street's initial foray into the single-family rental business, is making a new investment in suburban houses at a time when the COVID-19 pandemic is pressuring traditional commercial real estate.
Mortgage rates soar as investors become less pessimistic
But the 30-year fixed remains below 3%, which should continue to support increased demand.
Mortgage rates slip back below the 3% mark
Mortgage rates fell 2 basis points this week, remaining near their historic lows as they have for the past month with the markets roiled by uncertainty, according to Freddie Mac.
CFPB launches investigation of Quicken Loans real estate affiliate
The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act.
5 ways the coronavirus could affect home prices
The S&P CoreLogic Case-Shiller home price index hasn't yet reflected the impact of the coronavirus, but an independent market maker has some thoughts on how it might.
New construction home shortage will drag for years: Zillow
Property values recovered, and in some cases even surpassed housing bubble peaks, but the same can't be said for waning new construction activity, which won't return to historic norms for years, according to Zillow.
CRE meets AI in fintech’s tool for lenders
Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.
Opinion How CMBS lenders can stop worrying and learn to love C-PACE
The incentives are stronger than ever to work toward standardizing the documentation, language and process for loans in commercial mortgage-backed securities to be combined with PACE financing.
Carson Leonard
Alston & Bird
Life insurers’ upped mortgage investments risky in case of downturn
Life insurance companies increased their mortgage investments to levels higher than historical norms, creating more potential danger for their portfolios in the event of a real estate downturn, a Fitch Ratings report said.
Affordability worries outweigh consumer optimism on mortgage rates
While mortgage rate optimism kept consumer confidence about the home purchase market high in June, affordability worries pulled overall sentiment lower, a Fannie Mae survey said.
Automated valuations a mixed bag for RMBS credit quality: Moody’s
Because automated valuation models have not been subjected to a stressed housing market, their increased use holds negatives and positives for residential mortgage-backed securities credit quality, a Moody's report said.
Big Easy investor group taps CMBS to purchase Hyatt New Orleans
Investors include New Orleans sports franchise owner Gayle Benson, placing the hotel under local ownership for the first time since it was built in 1976.
By
Glen Fest
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