On top of the previously announced record delinquency rate for Fannie, here comes some even worse news out of commercial real estate, which together with record high downtown vacancy rates, should be enough to push all REITs to 1052 week highs tomorrow. RealPoint has just released its March CMBS delinquency data, according to which delinquencies hit an all time high 6%.
Week in Review: CMBS & CMBX Spreads Widen as Stocks Hit New Record Highs. The three major US stock indexes rose to record highs on Tuesday and Wednesday, as concerns over potential Hurricane Irma damage and geopolitical uncertainty from North Korea tapered throughout the week.
Aimco on legal war path, taking on Airbnb in Florida When the King’s returned they were initially unable to enter their house as an agreement with Airbnb stated that the renters were legal tenants under the Residential Tenancies Act. Eventually the.
Fitch: Amid Record High, New Issuance May Temper CMBS. – U.S. commercial mortgage-backed security (CMBS) delinquencies climbed to a new record high this past month, though the rising influx of new issuance may help to stem future late-pay increases, according to the latest index results from Fitch Ratings. Late-pays rose 17 basis points (bps) to close out February at 8.76%, surpassing the index’s previous high [.]
“Moral hazard may become an issue as borrowers begin to claim dire straits’ with the hope of having their loan terms modified by the special servicer,” he. surge would not last. Delinquencies on.
CMBS Delinquencies Rise to Record High in July – · CMBS Delinquencies Rise to Record High in July. About. People;. For example, if a special servicer is considering a loan modification, it is now standard practice for them to also initiate the foreclosure process to expedite matters in case that modification doesn’t occur. This drives up the delinquency rate.
The delinquency rate for commercial mortgage-backed securities (CMBS) loans hit a record 8.02% in April, according to New York-based data firm Trepp LLC. A year earlier, the delinquency rate was 2.
FHFA extends HARP to 2015 Fitch Downgrades National City, Wamu, Others on Home Equity Concerns IndyMac Collapse Fuels Fears About WaMu : NPR – IndyMac Collapse Fuels Fears About WaMu Following IndyMac’s collapse, questions have been raised about Washington Mutual, one of the largest savings and loans. This week, WaMu issued a statement to show it was financially sound. But the company’s own projections estimate losses of up to $19 billion.The FHFA announced the extension of the harp 2 mortgage for two more years. The new expiration date is December 31, 2015. More than 2.2. million borrowers. New Expiration Date – HARP Program.Is Seattle about to do away with single-family zoning? What’s worse are the idiotic reasons these people want to get rid of single families owning homes. From the Seattle Times:. Most dramatically, the committee is considering a recommendation to do away with single-family zoning – which for a hundred-plus years has been the defining feature of Seattle’s strong neighborhood feel.
US CMBS loans are also transferring to special servicing status faster and greater than ever before. CMBS Delinquencies and Special Servicing Hit Record Highs Sign In
S&P/Case-Shiller: Home prices rise 0.9% Treasury relaxes rules to free-up HAFA short sales RealScout raises $6 million for superior real estate searches Follow the Money: Meritize Raises $6.8M, Shop simply nets 0k, Headington Buys TenOverSix From an education loan platform to social marketing and retail, here are some of the latest capital raises, mergers, and acquisitions with north texas ties.free online library: Short on results: short sales are the best hope for sopping up ballooning inventories of foreclosed properties. So why haven’t they had more impact?(REO management, Financial report) by "Mortgage Banking"; Banking, finance and accounting Business real estate industry Banking industry company sales and earnings Officials and employees foreclosure housing, Single family.In the first month of the summer housing season, home prices continued to rise, with a 0.9% increase in figures for June from the month before, according to the S&P/Case-Shiller Home Price Index. The.
CMBS Delinquencies Dip In May The delinquency rate of loans in U.S. commercial mortgage-backed securities 30 days or more overdue inched down 5 basis points in May to 9.60% after reaching a record.
CMBS Delinquencies Rise to Record High in July, But With a Caveat. a 110-building residential complex in Manhattan, was taken back by special servicer CW Capital in 2010. The owners ran intro.