From January through March 2013, $22.9 billion of commercial mortgage-backed securities were issued, up almost fourfold from a year earlier, according to Commercial Mortgage Alert. That puts volume on pace to surpass $90 billion for the year, well above the $65-billion average prediction by a panel … [Read more...] about 3.26.13: CMBS Issuance Soars in 2013’s First Quarter
Archives for 2013
3.22.13: I Can’t Believe It’s Been 10 Years!
ValueXpress was very active in CMBS originations in 2003; after the shock of the events of September 11, 2001 began to lift from the commercial real estate markets 2002 and 2003 began a strong period of growth in CMBS originations: $52 billion in 2002 and $78 billion in 2003. In 2003, ValueXpress … [Read more...] about 3.22.13: I Can’t Believe It’s Been 10 Years!
3.14.13: Dave Wood of Residential Home Funding Wins Nook Tablet at Regional Conference of MBAs Convention & Trade Show
Mortgage Banker Dave Wood won a new Nook HD 8 GM Tablet e-reader at the ValueXpress booth at the Regional Conference of MBAs Convention & Trade Show. Held March 10-14 at the Trump Taj Mahal Casino Resort in Atlantic City, NJ, “the trade show was very well attended by exhibitors and visitors, and … [Read more...] about 3.14.13: Dave Wood of Residential Home Funding Wins Nook Tablet at Regional Conference of MBAs Convention & Trade Show
3.11.13: Rising Property Values, Low Rates Spur Increase in Defeasance
More borrowers are using defeasance to release properties from securitized mortgages so they can take advantage of improving market conditions to sell or refinance the assets, according to Commercial Mortgage Alert. Some $5.9 billion of U.S. loans in commercial MBS collateral pools were defeased … [Read more...] about 3.11.13: Rising Property Values, Low Rates Spur Increase in Defeasance
3.8.13: CMBS Spreads Continue to Widen Amid Heavy Supply
Spreads on CMBS widened on mezzanine bonds from recent CMBS offerings floated by J.P. Morgan/CIBC and Wells Fargo/RBS this week. The junior triple-A bonds in the J.P. Morgan/CIBC deal priced at 110 basis points (bp), and comparable notes in the Wells/RBS issue widened further to 120 bp. Equivalent … [Read more...] about 3.8.13: CMBS Spreads Continue to Widen Amid Heavy Supply
3.4.13: ValueXpress Exhibiting at AAHOA Trade Show in Houston, TX
On March 28-29, 2013 ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Houston, TX. ValueXpress will be located in Booth 736 at the George R. Brown Convention Center noon-6:00 p.m. on both Thursday, March 28 and Friday, March 29. “ValueXpress is an Allied … [Read more...] about 3.4.13: ValueXpress Exhibiting at AAHOA Trade Show in Houston, TX
3.1.13: ValueXpress to Exhibit at 2013 Regional Conference of MBAs
On Tuesday, March 12 and Wednesday, March 13, ValueXpress will be exhibiting at the Regional Conference of MBAs Convention and Trade Show in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort. Stop by Booth 5 at the Taj Mahal Exhibit Hall to see us on Tuesday, March 12, noon-3:00 p.m. during … [Read more...] about 3.1.13: ValueXpress to Exhibit at 2013 Regional Conference of MBAs
2.26.13: CMBS Spreads Widen; Borrower Spreads Increase
Amid a flood of issuance (see the article below) long-term super-senior CMBS spreads have widened from the levels experienced in early February. Long-term super-senior CMBS with an initial 9.5- to 10-year life had seen spreads steady at 72 basis points (bp) since the beginning of 2013. However, the … [Read more...] about 2.26.13: CMBS Spreads Widen; Borrower Spreads Increase
2.22.13: SBA Develops 10-Tab Submission Tool for 7(a) Loans
As part of its continuing effort to provide excellent customer service, the 7(a) Loan Guaranty Processing Center (LGPC) has developed a 10-Tab Submission tool to streamline the submission of all loan applications processed at the LGPC. Historically, the LGPC has accepted loan application packages … [Read more...] about 2.22.13: SBA Develops 10-Tab Submission Tool for 7(a) Loans
2.20.13: CMBS Volume Surging
The commercial MBS pipeline hasn't looked like this since 2007, according to Commercial Mortgage Alert. Scheduled to hit the U.S. market by the end of next month are 17 transactions totaling $12.5 billion; this is on top of the $13.5 billion of offerings that have already priced since the beginning … [Read more...] about 2.20.13: CMBS Volume Surging