Judge throws out Fannie and Freddie investors’ lawsuit

More signs of a sliding housing market

Affordability has issues, too

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
W S
Servicing / The Ticker

Fitch: Fewer CMBS loans are in special servicing

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

The number of commercial mortgage-backed securities loans in special servicing fell significantly over the past two years with only $80.5 billion in servicing as of June, Fitch Ratings said in a report Friday. 

The ratings giant said that's a steep drop from the peak of $92 billion worth of loans in special servicing back in June 2010.

Those loans that are in special servicing also are spending more time there. Today, many of the loans remain under a special servicer's umbrella for 18 months or longer, compared to 11 months back in June of 2010.

"After a large number of CMBS loans were worked out last year, special servicers are now grappling with the more challenging assets that will take longer to resolve," said Stephanie Petosa, managing director of Fitch. "These loans are usually larger, complicated loans which often are not the best candidates for liquidation."

About $105.5 billion CMBS loans have been resolved in the past two years and a little less than half, or 46%, have been liquidated.

kpanchuk@housingwire.com

 

Recent Articles by HousingWire Staff

Comments powered by Disqus