NextGenMortgage

But a great deal of variation in distress levels were reported between individual markets and property sectors, according to two new reports. https://www.nationalmortgagenews.com/news/cmbs-delinquencies-surge-by-more-than-13-billion-kbra

Nearly 60,000 deals to purchase homes fell through in August, according to a report released Friday by Redfin Corp. https://www.nationalmortgagenews.com/articles/homebuyers-cancel-purchases-at-highest-rate-in-10-months

But that share is trending downward. In the fourth quarter, nearly nine out of 10 metro areas had home prices that were considered to be above sustainable levels. https://www.nationalmortgagenews.com/news/homes-were-overvalued-in-82-of-u-s-metro-areas-in-1q-fitch

The company in a court filing suggests it has funds available for its unsecured creditors, led by a private equity firm, major banks and a servicer. https://www.nationalmortgagenews.com/news/amerifirst-financial-files-for-bankruptcy

The Federal Housing Finance Agency also is offering more opportunities for public dialogue as stakeholders debate how fast the process should move forward. https://www.nationalmortgagenews.com/news/fhfa-adds-more-flexibility-to-credit-modernization-timeline