NewDay USA, a nationwide reverse mortgage lender, Tuesday named former Ginnie Mae president Joseph Murin as its new president and chairman.

The Consumer Financial Protection Bureau’s examination teams are focusing most of their attention on large bank and nonbank mortgage servicers.

The recovery in the multifamily sector is hitting on all cylinders with rents rising, vacancies falling, and accelerating construction, while the single-family market is still on a slow path of revival.

Cornerstone Real Estate Advisers has opened a Tokyo office that will be headed by directors Kelly Hayes and Peter Gensheimer.

Credit Agricole Public Sector is in the market with a covered bond backed by export loans guaranteed by export credit agencies of highly-rated sovereigns.

The$250mln CMBS called COMM 2012-LTRT will be issued by General Growth Properties, Kroll Bond Rating Agency said today.

Redwood Trust is back in the market with a fourth RMBS deal of 2012 called Sequoia Mortgage Trust 2012-4.

Delinquencies for U.S. timeshare ABS have normalized at their historical levels following increases that occurred in 2008 and 2009, according to a Fitch Ratings report released today.

Prepayment speeds were faster than expected in August, particularly along 3.5% and 4.0% coupons and moderately seasoned 4.5s.

BMW Financial Services launched a $783 million securitization from is dealer floorplan master owner trust.

Fitch Ratings said that not like other traditional CMBS deals, all collections are aggregated and applied to one waterfall.

Depositories will continue to enjoy robust residential gain-on-sale margins through the third quarter, increasing both revenues and earnings, Credit Suisse said.