Meet our incredible 2015 Women of Influence

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
W S
Investments / The Ticker

CMBS market improving, Fed says

/ Print / Reprints /
| Share More
/ Text Size+

Commercial mortgage-backed securities markets are improving, the Federal Reserve reported Thursday in its quarterly survey of senior credit officers.

Markets for securities linked to commercial mortgages and consumer assets, such as car loans and credit card payments, are more liquid for the three months ending in February than in the previous two quarters, the report stated.

The pay-off rate on CMBS loans making scheduled balloon payments hit 61.6% in February, the second highest performance rate since December of 2008, according to Trepp analytics.

Trepp reported that loan curing and new issuance helped the CMBS delinquency rate in February fall to 9.37%, down 15 basis points from January.

— Justin T. Hilley

 

Recent Articles by HousingWire Staff

Comments powered by Disqus