The commercial mortgage-backed securities (CMBS) delinquency rate dropped by five basis points in November to 4.58%, according to new data from Trepp LLC. While the overall rate was down, the office sector delinquency rate spiked by 33 basis points to 6.08% while the...
Texas Realtors has announced the appointment of Jef Conn of Coldwell Banker Commercial in Lubbock as the organization’s 2024 Chairman of the Board. Conn will lead the more than 150,000-member organization alongside Chairman-Elect Christy Gessler, Secretary/Treasurer...
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit expressed unease over the Department of Veterans Affairs’ (VA) request that servicers pause foreclosure proceedings of VA-guaranteed loans. Earlier this month, the VA asked mortgage servicers for a...
UMH Properties Inc. (NYSE: UMH) has expanded its partnership with Nuveen Real Estate, a TIAA company, by way of a new joint venture. According to the companies, the joint venture focuses on the development of a new manufactured housing community located in Honey...
Pineapple Financial Inc. (NYSE American: PAPL), a tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across Canada, has established an office in the Metro Vancouver area as part of its expansion into Western Canada. The new...
First Community Mortgage (FCM), a Nashville-based subsidiary of First Community Bank of Tennessee, has named Jeff Pancer to the new position of executive vice president of capital markets. Pancer’s career spans over three decades in the secondary markets. Prior to...
Mortgage Rates Take a Mild Tumble
