The CMBS delinquency rate continued its impressive decline in March, marking the tenth consecutive month the rate has fallen, according to Trepp. The rate dropped 24 basis points (bp) over the course of the month, bringing the delinquency rate for U.S. commercial real estate loans in CMBS to 6.54%. … [Read more...] about 4.1.14: Trepp Reports Further Decline in Delinquency
9.10.13: Decline of Enclosed Mall Appears Permanent
The demise of many big-box and department-store retailers has led to a decline in large enclosed malls that won’t reverse itself any time soon -- if ever – according to panelists of the International Council of Shopping Center’s (ICSC) Western Division Conference in San Diego, CA yesterday. Speakers … [Read more...] about 9.10.13: Decline of Enclosed Mall Appears Permanent
9.2.12: Delinquency Rate Falls 21 BP in August – Largest Decline Since November 2011
The long-anticipated leveling off of the U.S. CMBS delinquency rate became a reality in August. Over the last few months, we predicted that the Trepp CMBS Delinquency Rate would hit a high in early to mid-summer then decelerate in the second half of the year. That prognostication came to fruition in … [Read more...] about 9.2.12: Delinquency Rate Falls 21 BP in August – Largest Decline Since November 2011
5.18.12: CMBS Conduit Loan Rates Decline with Treasury Rally
CMBS conduit loan rates have fallen to the lowest levels since the restart of CMBS lending in 2010. Interest rates on CMBS conduit loans are set based on a spread over the libor swap rate corresponding to the loan term. Recently, libor swap rates have declined in tandem with the 10-year treasury … [Read more...] about 5.18.12: CMBS Conduit Loan Rates Decline with Treasury Rally
3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
CMBS conduit loans rates are declining in concert with the powerful rally in the CMBS market that began in January. Strong demand for CMBS continues based on the results of a $925-million conduit offering led by Wells Fargo and RBS that priced on Friday, March 22. All but one of the investment-grade … [Read more...] about 3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
9.13.11: Rates on Fannie Mae Loans Continue to Decline
With 10-year Treasury rates below 2%, borrowers that qualify for Fannie Mae (and Freddie Mac) multifamily loans are seeing loan quotes at levels not seen since the formation of the Fannie Mae multifamily program in the 1950s. ValueXpress is active in both the Fannie Mae Delegated Underwriting and … [Read more...] about 9.13.11: Rates on Fannie Mae Loans Continue to Decline