The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities has fallen to the lowest level since the 2008 financial crisis. The CMBS loan delinquency rate fell to 4.12 percent in May, a decrease of 24 basis points from April, and 77 basis points lower than the beginning of the year, according to Trepp, a CMBS loan analyst.
The attorney of rapper Birdman wants to set the record straight. According to the lawyer, the rapper is the victim of an illegal loan. Foreclosure News
A Miami company has filed a lis pendens on a Clearwater mansion that was once part of the storied Century Oaks estate and is now on the market for nearly $ 19 million. Built in 1915 on a huge lot overlooking Clearwater Harbor, the 23,919-square-foot house has had a tangled recent history. Foreclosure News
The performance of loans included in commercial mortgage-backed securities improved for the fifth consecutive quarter, with delinquencies down 179 basis points over the time frame, according to the Mortgage Bankers Association. CMBS loans that are at least 30 days late or real estate owned fell 47 basis points to 3.05% in the third quarter. Foreclosure…
A new study ranks Worcester as the 50th best place to raise a family — the study evaluated 150 cities across the United States. “…the average American can expect to move an estimated 11.4 times during his or her lifetime. Foreclosure News
According to this week's market reports, foreclosures are up in all five boroughs, and net absorption in Manhattan's office market was down for the third consecutive quarter. Brown Harris Stevens Townhouse prices in Brooklyn rose 16 percent in the third quarter year-over-year, while apartment prices grew 2 percent, and condo price-per-square-foot increased 13 percent. Foreclosure…
A Coto De Caza man who promised hundreds of homeowners that he would save their homes from foreclosure before bilking them out of more than $ 2 million pleaded guilty Friday to money laundering and fraud charges. Kevin Frank Rasher, 46, was sentenced to 12 years in prison after pleading guilty in Orange County Superior…
