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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investor 345
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FOA agrees to sell commercial lending business to Roc Capital

Housing Wire

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The terms of the deal do not include the FOA commercial vertical’s financial assets, which are comprised of loans and securitizations, according to the 8K filing.

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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. “We FDIC), banks held $2.78

Banks 440
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Barr: Fed is taking ‘thoughtful approach’ to Basel III rules

Housing Wire

The Fed is mainly concerned with financial institutions that have high concentrations in commercial real estate, primarily the office sector, where there are significant “expected price declines.” We gave the public extra time to comment on the rule because it was really complex. I expect them to make adjustments to the final rule.

Banks 426
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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. So, how has the industry adapted to this systemic shock?

Lending 113
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Notarize taps Larry D’Angelo as president and chief commercial officer

Housing Wire

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. This article originally appeared in FinLedger , HousingWire’s sister-publication focused on Fintech. billion revenue business. Expect more strategic partnerships like the one we’ve announced with Dotloop.”.

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CoStar’s billion-dollar marketing spend to include four Super Bowl ads

Housing Wire

CoStar said it plans to continue running the commercials throughout the rest of 2024, including during major TV broadcasts like the Oscars and the NBA playoffs. The Super Bowl is a deep part of American culture and it grabs a disproportionate share of everyone’s mind,” Andy Florance , the CEO of CoStar Group, said. “So,