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 [...]
Posts Tagged ‘CMBS’
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Office Loans Drive Up CMBS Defaults
April 28th, 2012
davidguide With commercial real estate loans on office properties leading the way, quarterly defaults on securitized commercial mortgages increased during the first-three months of 2012. But the good news is that performance for all of this year is expected to be in line with 2011. Cumulative defaults on commercial mortgage-backed securities were 12.96 percent during the [...]
CMBS Issuance Projected to Increase
January 11th, 2012
davidguide This year’s issuance of commercial mortgage-backed securities is projected to increase by around 7 percent from 2011′s volume. Improved fundamentals in commercial real estate — including rental rates, occupancy levels and valuations — will offset global issues that are currently hurting the CMBS market. Securitization is expected to continue to play a significant role in [...]
CMBS 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
Signs 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
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