The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
Soccer great Lionel Messi held an initial public offering (IPO) of his real estate properties, valuing the portfolio at $232 million. Bloomberg reports Messi’s company, Edificio Rostower Socimi, is listed as a real estate investment trust (REIT) on the Portfolio Stock...
Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.68 trillion as of November. In addition, Ginnie Mae issued nearly $50 billion in total MBS, resulting in net portfolio growth of $23.4 billion. Within that total sum, $48.5...
The Aventura, Florida-based real estate investment firm Cardone Capital has launched 10X Space Coast Bitcoin Fund, which combines institutional-quality real estate with Bitcoin purchases. According to the company, the $87.5 million fund marks the first time a major...
HomeStreet Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, has agreed to sell to Bank of America (NYSE:BAC), on a servicing retained basis, $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing,...
Mortgage rates ended 2024 hovering back to within the vicinity of the 7% level, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26, up from last week when it averaged...
