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Article Abstracts |
Industry News |
Appraisal Reductions More than Double Between December 2008 and May, the balance of loans with appraisal reductions more than doubled, with an average reduction 36 percent of the loan balance, reported TreppWire, a monthly newsletter from Trepp LLC, New York. Full Story
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10-Year Yields Hold Back Refinancing Rising 10-year Treasury yields could hamper commercial real estate refinance activity in an already tight credit environment, said Sam Chandan, president of Real Estate Econometrics, New York. Full Story
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People |
MBA Nominates Young as Vice Chairman-Elect The Mortgage Bankers Association today nominated Michael Young, chairman of the board of Cenlar FSB, Ewing, N.J., as its Vice Chairman-Elect. Young will be elected by MBA members at the Association's 96th Annual Convention & Expo in San Diego this October. Full Story
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QuoteLink
"Delinquency rates on commercial and multifamily mortgages held by banks and thrifts, by Fannie Mae and in commercial mortgage-backed securities are all now at levels higher than those seen following the 2001 recession.? --Jamie Woodwell, vice president of commercial real estate research at the Mortgage Bankers Association.
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StatLink
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