Trepp Inc.
CMBS Late Payments Starting to Mushroom
The scope of delayed payments is expected to increase for loans secured by certain asset types, according to data released by the CRE Finance Council.
April Fool’s Day 2020: No Joke for Borrowers, Loan Servicers
What happens when the COVID-19 shutdown triggers missed payments on CMBS and CLO loans? An analysis from BlackEagle Real Estate Partners’ Debra Morgan and Paul Fiorilla of Yardi Matrix.
2019 CMBS Delinquency Rates
The Trepp overall CMBS Delinquency Rate remained unchanged in December, ending a five-month stretch of reductions.
2019 Special Servicing Rates
The Trepp Special Servicing rate came in at 2.9 percent in December, a decline of 8 basis points from the previous month.
CMBS Market Update and Forecast for 2020
The second half of 2019 is proving to be much stronger for the CMBS sector. Find out what fueled the boost in our CMBS Market Update and Forecast.
CMBS Market Update
Commercial mortgage-backed securities origination has declined significantly in early 2019, though the falloff in volume this year may yet turn out to be more modest than the 10 percent initially projected. Read our latest CMBS Update.
Morningstar CMBS Outlook Suggests Soft-ish Landing
The ratings agency’s latest quarterly report cites multiple reasons why a CRE crash like the Great Recession’s does not seem to be in the cards.
The Rising Prominence of CRE CLOs
Commercial real estate CLOs enjoyed a banner 2018 as year-over-year volume nearly doubled. Deal size has also been increasing, but some uncertainty surrounds the vehicles’ prospects for 2019.
2018 CMBS Delinquency Rates
The delinquency reading dropped in 10 of the 12 months of 2018. In total, the rate shed 178 basis points during 2018.
CMBS’s Coming Headwinds
The CMBS market is well positioned for another stable year, but at this late stage in the current cycle, the market faces a number of challenges.