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  • CFPB fines Experian $3 million for lying about consumers' credit scores

    Experian, one of the nation’s three major credit reporting bureaus, misled consumers by telling them that the credit scores they purchased from the company were the same ones that lenders used to make credit decisions, the Consumer Financial Protection Bureau said Thursday. And for that deception, the CFPB is fining Experian $3 million. Click the headline for the full story.

CMBS loan values rise slightly, again

The loans used to back commercial mortgage-backed securities increased in value slightly in October, according to DebtX. Commercial real estate loan values rose to 85.3%, up from an even 85% in September. That is still up 5% when compared to loan values at this time last year. However, it is down from 85.9% of the CRE loan value in August. DebtX finds the slight movement a positive for the market. "With little movement in interest rates, improving fundamentals in the CRE market had a noticeably positive impact on loan prices," said DebtX CEO Kingsley Greenland. Debt Exchange Inc. is a Boston-based company that provides loan analysis, advisory and exchange services. The firm priced 52,806 commercial real estate loans with an aggregate principal balance of $637.4 billion in August. The loans provide collateral for 646 CMBS trusts in the United States. Write to Jacob Gaffney. Follow him on Twitter @jacobgaffney.

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