FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
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.



Recent Articles by HousingWire Staff

Comments powered by Disqus