Commercial MBS prices reversed direction last week, as dealers were forced to accept wider spreads than expected on super-senior and most-junior classes of investment-grade bonds in two multi-borrower offerings. The long-term, super-senior paper in both conduit issues went out the…
The ever-present debate and predictions about interest rates often overshadow an essential part of the loan game. Servicing may not generate as many headlines or give talking heads sensational topics to discuss, but it can have a real effect on…
Three important monthly data points were released Thursday morning: the Consumer Price Index (CPI), industrial production figures and the National Association of Home Builders’ Housing Market Index (HMI). Unfortunately for those trying to gauge U.S. economic health, the reports gave conflicting…
Can a trust be a real estate professional? A recent case of a Michigan real estate developer’s estate holds an answer to this important question. The ruling qualified the taxpayer for exception on the basis that the trust owned real…
After declaring earlier in the week that the Fed would continue with its stimulus tapering program, Federal Reserve chairwoman Janet Yellen did not offer any information regarding a specific timetable for the Fed’s withdraw from its bond buying program. Instead…
Should you be concerned about the bond market bubble? In a recent post, Andrew Flowers of FiveThirtyEight-Economics discusses the reality that many of us have suspected but would rather not face: the US bond market just isn’t normal right now….
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