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  •   Securities Unit of Bankrupt Capmark Lands with MountainView
MountainView Capital Holdings recently announced that it has acquired the fixed income broker-dealer arm of the bankrupt commercial real estate lender Capmark Financial Group. Capmark sold off its North American loan origination and servicing businesses to Berkadia Commercial Mortgage at the end of last year, and its real estate equity advisory subsidiary, Capmark Investments, to Trecap Partners in March 2010.
DSNews.com,Admin,   09/02/2010

  •   NAR`s Index of Pending Home Sales Unexpectedly Climbs
Following a sharp drop in the months immediately after the homebuyer tax credit expired, the National Association of Realtors' gauge for future sales of previously owned homes has risen. NAR reported Thursday that its Pending Home Sales Index, based on contracts signed in July, increased 5.2 percent from last month's reading. The month-to-month jump was an unexpected development, and some analysts say it may be a sign that the post-tax credit lull in home sales will soon come to an end.
DSNews.com,Admin,   09/02/2010

  •   Commercial Mortgage Delinquencies Vary by Investor: MBA
Delinquency rates were mixed in the second quarter for commercial and multifamily mortgage investor groups, according to the Mortgage Bankers Association (MBA). The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) is the highest it's been since MBA began tracking the sector in 1997. Delinquency rates for other groups, on the other hand - such as Fannie Mae and Freddie Mac - remain below levels seen in the early 1990s, some by large margins.
DSNews.com,Admin,   09/02/2010

  •   Fannie Mae Says Foreclosure Delays Represent a Breach by the Servicer
The nation's largest mortgage company is about to start cracking down on servicers for letting delinquent loans languish too long without action. Fannie Mae has issued a notice alerting servicers that it is monitoring all delinquent loans to ensure foreclosures are handled within an acceptable time frame, and may assess penalties for poor servicer performance. By the tone of Fannie's announcement, the GSE wants these nonperformers off its books as quickly as possible.
DSNews.com,Admin,   09/02/2010

  •   Iberiabank Corporation Merges Iberiabank and Iberiabank fsb
IBERIABANK Corporation (NASDAQ:IBKC) announced today plans to merge its two financial subsidiaries, expected to be effective in early October. IBERIABANK fsb, a federally-chartered thrift regulated by the Office of Thrift Supervision ("OTS"), will be merged into IBERIABANK, a commercial bank regulated by the Federal Reserve and the Louisiana Office of Financial Institutions ("OFI"). IBERIABANK Mortgage Company, currently a wholly-owned subsidiary of IBERIABANK fsb, will become a wholly-owned subsidiary of IBERIABANK.
IBERIABANK Corporation,Beth Ardoin,Lafayette La.  09/02/2010

  •   TNP Strategic Retail Trust Welcomes Two New Tenants at Northgate Plaza in Tucson, Arizona
TNP Strategic Retail Trust, Inc. (the "Company"), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties in the western United States, signed lease agreements with two prominent retailers at Northgate Plaza Shopping Center in Tucson, Arizona.
TNP Strategic Retail Trust, Inc.,Jill Swartz,Irvine Calif.  09/02/2010