Default rates for securitized U.S. commercial real estate loans last month increased for the first time in nearly a year, according to Trepp. The overall March delinquency rate of 4.55% for CRE loans backing commercial mortgage-backed securities was 4 basis points higher than the February mark.
Officials with World Property Exchange Group say that they plan to hire more than 100 people in Central Florida during the next three years, according to a release from the Orlando Economic Partnership. Founder and CEO Michael Gerrity cited the University of Central Florida's tech, real estate, cybersecurity and banking programs for the move, calling…
Recently, a federal court dismissed a case against a law firm that initiated foreclosure proceedings on the plaintiff's property, applying Florida's litigation privilege and because the complaint failed to adequately allege causes of action for malicious prosecution and violations of the FDCPA. A foreclosure action was initiated against the plaintiff by their reverse mortgage servicer,…
Kim Trouten and her husband Jack Trouten are renovating and flipping homes in Charlotte. House flipping is coming back to Charlotte, but there are potential pitfalls. Foreclosure News
This represents a 0.8 percentage point decline in the overall delinquency rate compared with June 2016 when it was 5.3 percent. As of June 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent, down from 0.9 percent in June 2016 and the lowest…
Wells Fargo notified 1,000 employees, including 900 mortgage lending professionals, that their jobs will soon be eliminated. It's the first major round of layoffs in a previously announced plan to cut the bank's workforce by as much as 10% over the next three years. Foreclosure News
RURAL MAINSTREET INDEX RISES FOR OCTOBER' 10% OF BANKERS EXPECTING FARM FORECLOSURES Oct. 23, 2017 Source: Creighton University news release The Creighton University Rural Mainstreet Index rose from September's reading, but remained below growth neutral, according to the latest monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or…
