Tag: Wall Street

'Bank's Losses Increase in Commercial Real Estate

The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.

'Mortgage Applications: 3.3% Drop Following Volatile Interest Rates

Markets finally settled last week after several months of volatile interest rates. However, that did not help the mortgage business. Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.

'FDIC Says Morgan Stanley Will Pay $63 Million for Mortgage Bond Settlement

The settlement settles lawsuits that the U.S. regulator submitted as recipient for the three failed banks against Morgan Stanley and different defendants over what the FDIC said were distortions in the offering documents for the mortgage-backed securities.
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