This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
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