nationalmortgage

Commercial

• Investment Fund Buys FDIC NPLs

  National Mortgage News | September 7

  A unit of Mariner Holdings LLC, Leawood, Kan., has purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp.

• S&P Admits Texas Firm to Select Servicer List

  National Mortgage News | September 2

  Standard & Poor's Corp. this week added ZAIS Servicing Asset Management, Dallas, to its "Select" servicer list for firms working in the commercial mortgage specialty servicer space.

• MBA: Commercial Delinquency Rates Mixed

  National Mortgage News | September 2

  Delinquency rates on commercial mortgages were mixed in the second quarter. The rate on banks' commercial and multifamily mortgages appears to have reached a plateau, while the delinquency rate for loans in commercial securities continued to climb during the period, according to the latest data from the MBA.

• CRE Outlook Improves While Prices Rise in July

  National Mortgage News | September 1

  The outlook for commercial real estate loans that collateralize CMBS continues to improve due to increased activity in the CMBS new issue market and strong demand for distressed CRE loans in the secondary market, according to one full-service loan sale advisor for commercial debt.

• Investors' Rights Questions Still Unanswered as CMBS Return

  National Mortgage News | August 31

  While questions about the rights of commercial mortgage-backed securities investors in bankruptcy cases and other risks persist, there are offsetting trends that continue to drive the securitized commercial mortgage market toward a comeback, according to Mark Edelstein, chairman of Morrison & Foerster's real estate finance group.

• Commercial Mortgage Lender Files for IPO

  National Mortgage News | August 30

  Velocity Commercial Capital Inc. hopes to raise $175 million through an initial public offering of shares, using the proceeds to originate or acquire small-balance commercial mortgages.