Loan sale advisor DebtX is selling $160 million of performing and non-performing commercial real estate loans for German depository Deutsche Postbank.
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The separate loan transactions are collateralized by properties in the United Kingdom, Germany, and the Netherlands.
The package includes U.K. hotel collateral, German retail centers, and industrial properties in the Netherlands.
Boston-based DebtX will begin accepting bids for the notes next week.
Gifford West, managing director and head of DebtX’s European operations, said the firm has had success selling multiple international loans for Deutsche Postbank and other foreign institutions over the past few years.
Daily Briefing | Wednesday, September 21, 2011
Federal Reserve Back in the MBS Buying Game
The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.
Surprise: Homes Sales Jump, Investors Active
Sales of existing single-family homes jumped 8.5% in August despite hurricane weather in the Northeast, igniting hopes that the long beleaguered housing market could be coming up for air.
Final 2Q Production Tally: Worst Quarter Since 4Q08
Mortgage bankers originated $291 billion of residential loans in the second quarter the industry’s worst performance since the height of the housing crisis almost three years ago, according to exclusive survey figures compiled by National Mortgage News and the Quarterly Data Report.
FHA Production Rises in August, But Lags for the Year
Demand for Federal Housing Administration single-family loans rose in August with lenders funding $17.4 billion of government-backed product, an 8% increase from the prior month.
Nation’s Largest ‘Private Money’ Servicer Gets FHA, Freddie Approvals
FCI Lender Services, the nation’s largest servicer of privately held mortgages, has received final servicing approval from the Federal Housing Administration.
Applications Continue to Rise, but Ever So Slightly
Mortgage applications rose by just under 1% on a seasonally adjusted basis for the week ending September 16 with refinancings gaining steam, according to new figures compiled by the Mortgage Bankers Association.
Florida Court Rules Computer Records ‘Inadmissible’ in Foreclosure Cases
A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.
Helping Lenders Get Data From Consumers Who Don’t Want to Share
Consumers are sharing more personal information online than ever but they don’t want to share it with their mortgage lenders and banks.
Rep. Capito: GOP Faces Schism Over GSEs
A top Republican on the House Financial Services Committee said Tuesday she is disappointed that the GOP has not been able to fix Fannie Mae and Freddie Mac since taking control of the House in January.
NCUA Eyes ‘Skin in the Game’ Rule on Loan Participations
The National Credit Union Administration this week proposed a handful of regulatory measures, including new rules on participations that would require residential originators to retain some of the loans they participate out.
California Home Sales Poised for Meager Growth
Home sales in California, the largest single-family market in U.S., are likely to rise 1% in 2012 after being essentially flat this year, according to a new forecast from the California Association of Realtors.