Posts Tagged ‘CMBS’

CMBS Delinquencies Continue to Decline

Posted on October 05, 2017 by Laura Lam

Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, recently released its September 2017 US CMBS Delinquency Report.  For the third straight month, the Trepp CMBS Delinquency Rate was pushed lower. The delinquency rate for US commercial real estate loans in CMBS is now 5.40%, a decrease of four basis points from August. The September 2017 rate is now 62 basis points higher than the year-ago level. “After more than two years, the ‘wave of maturities’ has been reduced to a mere ripple,” according to Manus Clancy, Senior Managing…

CMBS Delinquency Down in July

Posted on August 14, 2017 by Laura Lam

Though the Trepp CMBS Delinquency Rate climbed steeply in June, it retreated just as quickly in July. The delinquency rate for US commercial real estate loans in CMBS is now 5.49%, a decrease of 26 basis points from the June level. The rate is now only 2 basis points higher than where it stood at the end of May. Delinquency readings for four of the five major property types fell in July, with the lodging sector being the only one to increase, according to Trepp. According to the report, “After hitting a post-crisis low in February 2016, the reading has consistently…

CMBS Delinquency Rate Jumps to 5-Year High

Posted on July 10, 2017 by Laura Lam

Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, released its June 2017 U.S. CMBS Delinquency Report.  The commercial mortgage-backed securities (CMBS) delinquency rate climbed by its highest amount in more than 5 years.  The delinquency rate for U.S. commercial real estate loans in CMBS is now 5.75%, an increase of 28 basis points from May. The jump in June’s reading is the highest rate increase measured since March 2012. The June 2017 rate is now 115 basis points higher than the year-ago level. “After months of marginal increases, the…

Multi-Family Lending Led 2016 Commercial Market

Posted on April 20, 2017 by Laura Lam

Fannie Mae and Freddie Mac were big players in the multi-family sector of the commercial real estate market last year.  According to the Mortgage Bankers Association (MBA), 2016 was the third highest on record for commercial real estate originations, and the largest share of those originations were for multifamily properties. Jamie Woodwell, MBA’s Vice President for Commercial Real Estate Research, said that commercial and multifamily bankers closed $490.6 billion in loans in 2016, making the year the third largest on record.  Multi-family originations were responsible for $214.1 billion, of the total, followed by office buildings, retail properties, hotel/motel, industrial and health…

CMBS Delinquency Rate at Highest Level Since Dec. ’15

Posted on December 19, 2016 by Laura Lam

The Trepp CMBS Delinquency Rate continued to climb in November. The rate began to rise in March as loans from the 2006 and 2007 vintages started to reach their maturity dates, which has caused the reading to move higher in 8 of the last 9 months. The delinquency rate for US commercial real estate loans in CMBS is now 5.03%, an increase of 5 basis points from October. The rate is now only 10 basis points lower than the year-ago level. At one point this year, the rate was showing a year-over-year improvement of 143 basis points. The delinquency reading…

Commercial Mortgage Delinquencies Begin to Rise Again

Posted on October 12, 2016 by Laura Lam

Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.  The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.78%, an increase of 10 basis points from August. The September jump represents the 6th time in the last 7 months that the rate has increased after falling to a multiyear low of 4.15% in February. The rate is 50 basis points lower than the year-ago level and 39 basis points lower since the beginning of the year.  The all-time high was 10.34% in July 2012….

Commercial Mortgage Market Still Volatile

Posted on August 15, 2016 by Laura Lam

Lenders already beset by several issues, including economic and political uncertainty and regulatory pressure to pull back from the commercial real estate market, will be required to retain at least 5% of the credit risk under new rules to take effect Dec. 24.  “A lot of the industry feels the regulators have overshot,” said Christina Zausner, vice president of the Commercial Real Estate Finance Council. “The combined effects of the regulations have made the markets much thinner.” Buyers of commercial properties can still get a loan from a bank, “but it is really hard for the investment banks to hold…

Commercial Mortgage Delinquencies Jump in June

Posted on August 02, 2016 by Laura Lam

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.  It was the fourth straight month that the rate has crept higher following two large decreases in January and February.  The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.6%, an increase of 25 basis points from May, according to Trepp. The rate is still 85 basis points lower than it was a year earlier and 57 basis points lower than it was at the beginning of this year.  The delinquency rate reached its multiyear…