Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990s, some by large margins.Read more

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Aug. 27, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2.3 percent compared with the previous week. The Refinance Index increased 2.8 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 1.8 percent from one week earlier.Read more

The delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 9.85 percent of all loans outstanding as of the end of the second quarter of 2010, a decrease of 21 basis points from the first quarter of 2010, and an increase of 61 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased two basis points to 9.40 percent this quarter from 9.38 percent last quarter.Read more

Community Trust Bank has announced the addition of Ian M. Wright and the launch of its mortgage warehouse lending program. Serving as senior vice president and director of warehouse lending, Wright will be responsible for the design, launch and ongoing operations of Community Trust Bank’s new program. He brings more than 20 years of banking, management and business experience to his position.Read more

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Aug. 20. The Market Composite Index, a measure of mortgage loan application volume, increased 4.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 4.5 percent compared with the previous week.Read more

The Mortgage Bankers Association (MBA) has released its mid-year ranking of commercial and multifamily mortgage servicers as of the end of June 30, 2010. Topping the list of firms is Wells Fargo with $462.8 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $307.9 billion, Berkadia Commercial Mortgage with $202.6 billion, Bank of America Merrill Lynch with $133.4 billion and KeyBank Real Estate Capital with $124.7 billion.

Specific breakouts include:Read more

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Aug. 13, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 13 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 12.4 percent compared with the previous week.Read more

The American Bar Association (ABA) Section of Real Property, Trust & Real Estate Law has appointed James L. Gosdin and Bruce Hawley of Stewart Title Guaranty Company (STG) to leadership chair positions for the 2010-2011 bar year. Gosdin, senior vice president, chief underwriting counsel and chief reinsurance counsel for STG, was appointed as chair of the Title Insurance and Surveys Committee of the Commercial Real Estate Transactions Group.Read more

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Aug. 6, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 0.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4 percent compared with the previous week.Read more

The Mortgage Bankers Association (MBA) has praised Senate passage of HR 5872, General and Special Risk Insurance Funds Availability Act, a bill to increase the Federal Housing Administration's (FHA) multifamily commitment authority, and HR 5981, which would allow FHA to increase its annual premiums for its single-family program. Both bills have passed the Senate and will now go to the President for his signature.Read more