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.


Multifamily Deterioration Continues as Hotel Performance Roars Back

9.01% CMBS delinquency in August

Sept. 29, 2011

By MortgageDaily.com staff


An increase in delinquency on securitized commercial mortgages in July was erased last month. The rate on hotel loans has fallen each of the past four months by an aggregate of more than 180 basis points. But securitized apartment loans have become a growing problem

Commercial real estate loans held in commercial mortgage-backed securities conduit-fusion transactions had a 60-day delinquency rate of 9.01 percent in August. That worked out to $54.0 billion in past-due loans.

The performance data was based on Moody's Investors Service's Delinquency Tracker.

Late payments fell from 9.24 percent in July, when the rate rose 22 BPS. The dollar volume of delinquent CRE loans in July was $55.6 billion.

Between July and August, $4.1 billion in delinquent CMBS loans were cured, while $2.6 billion become newly delinquent.

The delinquency rate, however, remains higher than August 2010, when CMBS delinquency was 8.10 percent.

Moody's said that specially serviced loans fell 7 BPS to 12.23 percent last month.


The improvement in August was driven by securitized hotel loans, which fell 44 BPS from the previous month to 14.56 percent. During the past four months, the hotel rate has tumbled a total of 182 BPS.


Delinquency on CMBS loans secured by retail properties declined 29 BPS from July to 7.08 percent, and office delinquency was down 23 BPS to 7.36 percent.

The rate on multifamily loans, which became the worst-performing category in July, continued to deteriorate last month -- rising 8 BPS to 15.21 percent.

An even bigger increase was recorded for defaults on industrial real estate loans, which shot up 43 BPS to 11.20 percent.

The New York-based ratings agency reported that Los Angeles and Washington, D.C., were the strongest performing markets among the 10-biggest -- with rates at less than half of the 9.01 percent national rate.

On the other end of the spectrum were Las Vegas and Riverside, Calif., where rates were double the national average.

The amount of outstanding CMBS loans slipped to $599.5 billion, "the first time that the CMBS universe has been less than $600
billion since February 2007."

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.


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