article thumbnail

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 364
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘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 456
article thumbnail

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 444
article thumbnail

Commercial Real Estate Market to Surge by USD 260.37B from 2022-2027

Realty Biz

The global commercial real estate market will grow by USD 260.37 Technavio has announced its latest market research report titled Global Commercial Real Estate Market 2023-2027 Major commercial real estate market companies include ATC Group Services LLC, Boston Commercial Properties Inc., and Keller Williams Realty Inc.,

article thumbnail

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.”.

article thumbnail

State Farm will not renew more than 70K property policies in California

Housing Wire

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. 20, 2024, for commercial apartment policies. They will take effect Aug. It is necessary to take these actions now.”