twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


Hotel Loans Power Drop in CMBS Delinquency

30-day CMBS rate down 11 BPS in August

Sept. 27, 2013

By Mortgage Daily staff

An improvement in hotel property loans helped pull down the delinquency rate on securitized commercial real estate loans to the lowest level in four years. Loans backed by healthcare properties, however, didn't fare so well.

Commercial mortgage-backed securities had a 30-day delinquency rate of 6.162 percent in August.

Past-due CMBS loans fell from the previous month, when the 30-day rate was 6.274 percent.

Performance has improved substantially from the same month last year, when CMBS delinquency stood at 8.288 percent.

The statistics were reported by Morningstar Credit Ratings LLC based on the $744.28 billion in CMBS it rated as of the end of last month.

"Delinquent activity in August 2013 was again directly impacted by high monthly liquidations totaling $1.203 billion across 94 loans, at an average loss severity of 39.6 percent," Morningstar said.

The dollar amount of past due CMBS loans fell to $45.87 billion -- the lowest level since December 2009's $41.6 billion. Delinquent loans were $46.74 billion in July and $58.59 billion in August 2012.

Leading the improvement were hotel loans, with 30-day delinquency falling 60 basis point from July to 7.1 percent.

A 50-basis-point drop was recorded for industrial loans, with the rate ending August at 11.3 percent.

Also falling was the rate on retail property loans, to 6.2 percent from 6.4 percent in July.

No change from the previous month left multifamily delinquency at 3.4 percent and the office property rate at 9.0 percent.

The only deterioration was on healthcare property loans, with 30-day delinquency climbing 40 BPS to 9.4 percent in August.

next story

back to current headlines


Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.


Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.


CRE news
Commercial real estate news and coverage of how commercial real estate impacts the mortgage industry and commercial mortgage-backed securities.




Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders