Trepp finds $3.04B in performing Texas apartment loans with weak coverage.
Trepp finds $3.04 billion of Texas floating-rate apartment loans reporting cash flow below debt service. Monitor coverage risk for servicing and workouts.
Proposal would bring nearly 6,000 homes to San Francisco Caltrain railyards.
San Francisco has opened environmental review for a Caltrain railyards redevelopment that could include up to 5,834 homes, a new station hall and major.
Maryland closes $23M financing for 77 homes for homeless veterans.
Covers Maryland's $23 million financing for 77 supportive units at Perry Point and what it means for private lenders and mortgage servicers in housing.
New York orders buyers of zombie second mortgages to pay over $480,000.
New York's attorney general says buyers of dormant second mortgages pursued time-barred payments in more than 140 foreclosure lawsuits.
10-Year Treasury Yield Hits 5% as Oil Shock Challenges Mortgage Relief.
Covers the 10-year Treasury closing at 5% and rising Brent crude that complicate mortgage pricing and financing, relevant for lenders and servicers.
Flagstar’s New York apartment loans under strain as credit costs rise.
Flagstar’s profit dipped as higher rates and rent-regulated New York multifamily loans raised credit costs. Lenders and servicers should reassess exposure.
Rithm’s Genesis originations are up 25% after multifamily securitization.
Rithm's Genesis Capital originated $1.5 billion in residential transition loans during the quarter and completed a $375 million multifamily RTL.
Orchid Island Capital Posts $179M Loss as MBS Hit Book Value
Orchid Island Capital reported a $178.9 million quarterly loss driven by $231.7 million valuation and trading losses on mortgage securities and hedges.
Stagnant demand exposes underperforming homebuilding teams.
Summit conversations made a clear business case for converting founder know-how into repeatable enterprise systems that decrease operational variability and unlock scale. Sessions ranged from practical takeoffs to complex trade scheduling, illustrating how tightly documented estimating and sequencing practices render bidding, procurement and project [...]
Lennar Begins Construction of 220 Homes at Former Fort Monmouth.
Lennar starts 220-home for-sale project at Fort Monmouth, NJ - large infill opportunity with phased sales, construction financing and resale market outlook