Institutional Finance

Capital Markets/CMBS

DebtX Rolls Out New Data Service

DebtX has launched DXMarket Data, a service for registered buyers that will track liquidity in the secondary loan market, asset valuations and commercial mortgage lending spreads.

CW Moves To Dismiss Appaloosa Suit

CW Capital plans to file Friday a motion to dismiss a case brought by David Tepper’s Appaloosa Management that aims to hold up the foreclosure of $3 billion of debt used to...

East Bay Area Apartments Up For Grabs

JP Morgan Investment Management is shopping Cross Pointe Apartments, a 244-unit garden apartment complex in the East Bay area outside of San Francisco.

Freddie Rolls Out Mezzanine Program

Freddie Mac is launching a program through which it will join forces with a handful of mezzanine lenders to expand its multifamily mortgage origination program.

Summit Eyes CMBS Hotel Deal

Carlsbad, Calif.-based Summit Capital is looking to put together the first CMBS transaction in the hospitality sector since new issuance has ground to a halt.

Mortgage News

National Mortgage News Headlines

Industry Worries About 5% MBS Risk Retention in Dodd Bill

The mortgage industry is becoming increasingly worried that if risk retention language for MBS in a new bill from Sen. Chris Dodd is not clarified, nonbanks could disappear, the nation's megabanks will get...

Deutsche Bank: 'Home Equity' Rises by $1.1 Trillion

Over the past 12 months consumers have seen the paper value of their homes rise by $1.1 trillion, the first year-over-year increase in almost four years, according to a new report by Deutsche...

Vulture Fund Cuts 44 Asset Managers, But is Still Hiring

Kondaur Capital Corp., an Irvine, Calif.-based mortgage vulture fund, recently laid off 44 asset managers as part of what the company calls a purging of "underperforming" personnel.

PennyMac Interested in Servicing and Condo Development Loans

PennyMac Mortgage Investment Trust, a publicly traded vulture fund, says in a new public filing that it is exploring the idea of purchasing distressed condominium construction loans and growing its residential servicing business.

Multifamily Starts Plunge by 51%

The number of apartment units under construction at the end of February plunged to 180,000 dwellings on a seasonally adjusted annual basis, according to new figures released by the Commerce Department.