CMBS loan delinquency rose in July to 4.76%, up 16 basis points (bp) from June, according to Trepp. The July delinquency rate is 61 bp above its multiyear low of 4.15% recorded in February 2016. The delinquency rate was negatively impacted by loans unable to pay off at maturity, thereby being … [Read more...] about 8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
4.1.16: CMBS Conduit Loan Spreads Rally (Again)
CMBS spreads tightened further this week as two CMBS issues priced at levels tighter than a CMBS offering led by Wells Fargo that priced on March 18. The benchmark AAA-rated super senior CMBS bonds from the most recent $818-million offering from Deutsche Bank and JPMorgan priced on Thursday at 129 … [Read more...] about 4.1.16: CMBS Conduit Loan Spreads Rally (Again)
4.2.15: 10-Year Swap Rate Falls Below 2.0%, Again
On Thursday, April 2, the 10-year swap rate once again fell below 2.0%, after Labor Department data showed U.S. employers added the fewest jobs in March in more than a year. The rise of 126,000 jobs was well below expectations for a gain of 245,000 forecast by economists. Prior to Thursday, the … [Read more...] about 4.2.15: 10-Year Swap Rate Falls Below 2.0%, Again
5.31.10: SBA 7(a) Stimulus Money Runs Out Again
On May 31, the Small Business Administration (SBA) will run out of money for the breaks that revitalized its lending programs. The Economic Stimulus Bill that passed in February 2009 increased the government guarantee on the SBA’s flagship 7(a) loans to 90% (up from the typical 75%) and reduced fees … [Read more...] about 5.31.10: SBA 7(a) Stimulus Money Runs Out Again
4.14.10: SBA Fee Waiver Extended Once Again
U.S. Senator Mary L. Landrieu (D, LA), Chair of the Senate Committee on Small Business and Entrepreneurship, commented on the passage of the extension of several American Recovery and Reinvestment Act (ARRA) provisions that were set to expire on April 30, 2010. The extension provided $80 million to … [Read more...] about 4.14.10: SBA Fee Waiver Extended Once Again
3.11.10: Here We Go Again. SBA Stimulus to Expire March 28, 2010
For companies seeking a federally guaranteed Small Business Administration (SBA) loan that doesn't carry origination fees, the clock is ticking. Following the signing of a jobs bill this month, a program of providing guarantees to 90% of the loan and waiving fees is back in place -- but only until … [Read more...] about 3.11.10: Here We Go Again. SBA Stimulus to Expire March 28, 2010
