Fannie: Millennial housing demand declines further

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
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