Residential loan originations at SunTrust Banks Inc. climbed to the highest level since 2009. Delinquency was also better. Mortgage earnings, however, were lower. Home loan fundings amounted to 11 percent more during the first three months of 2013 than during the final three months of 2012 based on earnings data released Friday. First-quarter business was [...]
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Office Loans Drive Up CMBS Defaults
April 28th, 2012
davidguide With commercial real estate loans on office properties leading the way, quarterly defaults on securitized commercial mortgages increased during the first-three months of 2012. But the good news is that performance for all of this year is expected to be in line with 2011. Cumulative defaults on commercial mortgage-backed securities were 12.96 percent during the [...]
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