Thanks to improvement in the performance of industrial and healthcare property loans, delinquency on securitized commercial mortgages reversed some of the hefty deterioration during the previous month. But the share of past-due loans remains at the second-highest level in at least two years and has to potential increase further. Loans backing commercial mortgage-backed securities had [...]
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Reprieve from CMBS Deterioration Might Not Last
July 25th, 2012 
davidguide 
Posted in Business Loans 
Tags: basis, basis points, CMBS, commercial mortgage backed securities, commercial mortgages, June, Might, mortgage backed securities, property, property loans, share 
Comments Off3rd Consecutive COFI Record
July 1st, 2012 davidguide Borrowers whose adjustable-rate mortgages are tied to the 11th District Cost of Funds Index again were treated to new record-low index. It was the third month in a row that the index has established a new low. COFI was 2 basis points lower in May than it was during April. Data back to July 1981 [...]
Posted in Business Loans Tags: 11th district cost of funds, 11th district cost of funds index, adjustable rate mortgages, basis, basis points, Borrowers, COFI, Consecutive, Funds, Index, post Comments OffRates Increase But Might Retreat
January 27th, 2012 davidguide The average 30-year fixed-rate mortgage this week climbed 10 basis points from the previous week. A 7-basis-point elevation was recorded for the average 15-year mortgage. But rates could see-saw and wind up around 10 BPS lower in next week’s report based on an analysis of data from the Department of the Treasury. View full post [...]
Posted in Business Loans Tags: 30 year fixed rate, 30 year fixed rate mortgage, basis, department of the treasury, elevation, fixed rate mortgage, post, Retreat, Treasury, wind, year fixed rate mortgage Comments OffLow Rates Could Fall More
November 24th, 2011 davidguide The average 30-year mortgage moved up a basis point from last week. It was the same story for the 15-year mortgage. An analysis of Treasury market data suggests that the 30-year could be around 8 BPS better in next week’s report. View full post on Mortgage Stories
Posted in Business Loans Tags: basis, basis point, BP's, fall, Low, post, Treasury, treasury market, year mortgage Comments OffCMBS Performance Takes Turn for Worse
October 19th, 2011 davidguide September’s delinquency rate on securitized commercial real estate loans was 35 basis points worse than in August. The rate is up 112 BPS when compared to September 2010. Overall performance was hurt by deterioration in the office property sector. View full post on Mortgage Stories
Posted in Business Loans Tags: basis, basis points, CMBS, commercial real estate, delinquency rate, office, post, property sector, real estate loans, Sector, Turn Comments OffSigns of Life in CMBS
October 3rd, 2011 davidguide The 30-day delinquency rate last month on commercial real estate loans included in commercial mortgage-backed securities improved 4 basis points from August. But the rate on hotel loans was 46 BPS better. In addition, CMBS spreads improved. View full post on Mortgage Stories
Posted in Business Loans Tags: addition, basis, BP's, CMBS, commercial mortgage backed securities, hotel loans, Life, mortgage backed securities, post, real estate loans, signs of life Comments OffBanks Improve Performance
August 24th, 2011 davidguide The banking sector has lifted quarterly earnings by nearly 9 percent over the past year. At the same time, the sector cut residential delinquency by more than 70 basis points. In addition, the number of bank failures during the first six months of this year was down nearly half from the same period last year. [...]
Posted in Business Loans Tags: bank failures, banking sector, basis, basis points, Delinquency, half, number, percent, post, quarterly earnings, Sector Comments OffCarrington Evolves from Whole Loan Seller to Issuer
July 19th, 2011 davidguide Carrington Mortgage Services LLC said that it has been approved by the Government National Mortgage Association to securitize government mortgages. Until now, Carrington has sold all of its originations on a whole-loan basis. “The approval allows Carrington to pool and securitize FHA loans, and provides an avenue for increasing growth by adding those FHA loans [...]
Jumbo Rates Improve
June 25th, 2011 davidguide The conforming 30-year mortgage fell a little more than a basis point in the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 24. But an even bigger decline was recorded for the jumbo 30-year mortgage. The disparate movement slashed the jumbo-conforming spread to 43 basis points from 50 BPS [...]
Posted in Business Loans Tags: 30 year mortgage, basis, basis point, com, Decline, jumbo rates, June, Mortech, mortgage market, MortgageDaily Comments OffRising FHA Business to Fall
June 21st, 2011 davidguide Last month, the Federal Housing Administration endorsed over 2,500 more mortgages than in April. On a dollar-volume basis, production was up around $0.1 billion. Overall activity appears to be headed lower based on new applications, which were down more than a quarter in May. View full post on Mortgage Stories
Posted in Business Loans Tags: 1 billion, basis, Business, dollar volume, fall, federal housing administration, FHA, Housing, post, volume basis Comments Off
