U.S. commercial property companies are likely to try to go public in greater numbers in coming months as they look to refinance billions of dollars of mortgage debt left over from the boom years of 2005-2007. About $1.24 trillion of U.S. commercial real estate loans — $1.02 trillion held by banks and $221.5 billion bundled into bonds known as commercial mortgage-backed securities — will need to be refinanced over the next four years, according to Deutsche Bank.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]