With CMBS loan rates approaching historic lows, ValueXpress is seeing a surge in new loan applications. Loan activity is often high as year-end approaches, and in combination with low rates, fourth-quarter loan activity is expected to be extraordinary. “We started November with 13 loans under … [Read more...] about 11.16.12: Low Rates Spur Surge in CMBS Loan Applications
Archives for 2012
11.12.12: ValueXpress Teams Up with RBM Financial on Loan Diligence
With the surge of loan applications (see “Low Rates Spur Surge in CMBS Loan Applications”), ValueXpress has announced it is working with RBM Financial to ensure that loan underwriting and closing documentation required from CMBS conduit borrowers are managed in a timely manner to meet loan-closing … [Read more...] about 11.12.12: ValueXpress Teams Up with RBM Financial on Loan Diligence
11.7.12: CMBS Delinquency Rate Dips to 8.3%
According to Fitch Rating Services, the delinquency rate for commercial MBS loans inched down again last month, despite the addition of a big multifamily mortgage to the late-payment list. The percentage of securitized commercial mortgages that were 60 days past due stood at 8.29% on October 31, … [Read more...] about 11.7.12: CMBS Delinquency Rate Dips to 8.3%
11.2.12: ValueXpress Up and Running Despite Sandy
With an ability to work remotely, the ValueXpress team is underwriting and closing loan transactions with its clients; closing schedule expectations remain on track. Jay Bhakta is with clients in Houston and Corpus Christi, TX finishing up due diligence on six transactions totaling over $35 million … [Read more...] about 11.2.12: ValueXpress Up and Running Despite Sandy
11.1.12: Deutsche Bank and Cantor Price CMBS Issue at Tighter Spreads
Deutsche Bank and Cantor Fitzgerald priced a $1.11-billion CMBS transaction today that found strong demand; it priced at tighter levels than the previous CMBS deal from Wells Fargo and RBS that priced on Tuesday, October 16. The AAA-rated super-senior bonds priced mostly in line with initial pricing … [Read more...] about 11.1.12: Deutsche Bank and Cantor Price CMBS Issue at Tighter Spreads
10.24.12: Average Loan Coupon Declines for CMBS Loans
Weighted-average loan coupons continue to decline. The recent Deutsche Bank/Cantor Fitzgerald deal set a new post-crash low with a weighted-average coupon of 4.63%, continuing a trend over the past few months of declining average coupons. The chart below shows the weighted-average coupons for recent … [Read more...] about 10.24.12: Average Loan Coupon Declines for CMBS Loans
10.19.12: Watch Kevin Monahan Discuss Commercial Capital Training Group
Kevin Monahan of ValueXpress was interviewed by Commercial Capital Training Group (CCTG). Click the arrow below to listen to what Kevin has to say about CCTG: … [Read more...] about 10.19.12: Watch Kevin Monahan Discuss Commercial Capital Training Group
10.12.12: Bharti Patel Wins NOOK Tablet at 2012 Northeast Conference of Mortgage Brokers Trade Show
Mortgage banker Bharti Patel won a NOOK Tablet e-reader at the ValueXpress booth at the Northeast Conference of Mortgage Brokers Trade Show, held recently at the Trump Taj Mahal Casino Resort in Atlantic City, N.J. Bharti is a broker associate, loan officer and manager of Richa Realty Inc. and Richa … [Read more...] about 10.12.12: Bharti Patel Wins NOOK Tablet at 2012 Northeast Conference of Mortgage Brokers Trade Show
10.10.12: CMBS Buyers Focus on Lower-Tier CMBS
The CMBS rally that took hold at midyear has been changing shape lately, according to Commercial Mortgage Alert. Increasingly, yield-hungry bond buyers are clamoring for subordinate paper, typically junior classes AS, B and C, which carries lower subordination levels and is riskier than senior CMBS. … [Read more...] about 10.10.12: CMBS Buyers Focus on Lower-Tier CMBS
10.5.12: ValueXpress to Exhibit at 2012 Northeast Conference of Mortgage Brokers
On Tuesday, October 9 and Wednesday, October 10, ValueXpress will be exhibiting at the Northeast Conference of Mortgage Brokers Trade Show in Atlantic City, N.J. Plan to stop by the Trump Taj Mahal Casino Resort Exhibition Hall and see us; ValueXpress will be in Booth 303. The annual Northeast … [Read more...] about 10.5.12: ValueXpress to Exhibit at 2012 Northeast Conference of Mortgage Brokers