Items Tagged with 'Mary MacNeill'

ARTICLES

  • Fitch Sees US CMBS Delinquencies Approaching 5%

    The delinquency rate of US commercial mortgage-backed securities (CMBS) reached 3.04% at the end of July as the extent of the credit crisis unwinds in the commercial real estate space. At its current rate, the US CMBS market will likely rise above 5% delinquent by year-end, according to an analysis by Fitch Ratings of commercial MBS across the retail, muti-family, office, hotel and industrial sectors.
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  • Fitch Sees Delinquencies Rolling Along in CMBS

    For the tenth straight month, more than 50% of 30-day delinquent commercial mortgages moved to 60-days delinquent, according to Fitch Ratings' update for US commercial mortgage-backed securities (CMBS). From June to July, 54% of 30-day delinquent loans fell into the 60-day delinquent bucket. "As commercial real estate fundamentals continue to deteriorate, 30-day roll rates have become an important precursor in helping to anticipate future performance for CMBS delinquencies," says, Mary MacNeill, managing director at Fitch Ratings, in a corporate release.
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  • Commercial RE Braces For a Surge in Defaults

    Q109 racked up $2.6bn in US commercial mortgaged-back security (CMBS) loan defaults, compared to $3.2bn for all of 2008, signaling an expedited pace in commercial mortgage defaults is upon the industry, according to Fitch Ratings data released Thursday. "If the rate of defaults continue at this accelerated pace combined with limited issuance in 2009, the cumulative default rate will exceed 5% by year end," says Fitch managing director Mary MacNeill.
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