Commercial and multifamily originations lowest since 2004, originations for CMBS show biggest drop

National Mortgage Professional

Jun 02, 2008

NAMB President-Elect Marc Savitt testifies before House Small Business CommitteeMortgagePress.comNAMB, Marc Savitt, House Small Business Committee, RESPA rule On Thursday, May 22, NAMB President-Elect Marc Savitt, CRMS testified before the House Small Business Committee regarding the implications of the proposed RESPA Rule. Savitt focused on the regulatory process HUD used in promulgating their Proposed Rule and the impact on small business mortgage brokers. For a copy of NAMB's testimony, click here.

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Jun 02, 2008

Analysis and Data

May Sees Largest Monthly Slowdown In Home Price Growth Since 2006

As of May 19, the share of median income required to make the P&I payment had climbed to 33.7%, just shy of the 34.1% high reached in July 2006.

Black Knight’s Monthly Monitor Report, released today, found that May marked the second-consecutive month of cooling at the national level. However, even with growth slowing in 97 of the top 100 U.S. markets, overall home prices still rose 1.5% from April. According to Blac...

Industry News

Redwood Trust Completes Merger With Riverbend

Acquisition plans originally announced April 28th.

Redwood Trust Inc. says its has completed the previously announced acquisition of Riverbend Funding LLC, a private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction on Tuesday. The transaction, which initially was ...