Turnaround Continues for CMBS Market in 2013, But Fiscal Cliff Bears Watching

World Property Channel

Turnaround Continues for CMBS Market in 2013, But Fiscal Cliff Bears Watching
Posted by Hortense Leon 12/19/12 8:59 AM EST

The commercial real estate market, and the U.S. CMBS market in particular, are likely to see steady improvement in the New Year, says Huxley Somerville, head of US CMBS at Fitch Ratings in New York. "A slow increase in volume is preferable; we would not like to see a 50% increase over 2012," he says. "A 15% to 20% increase would be much better. Otherwise, competition would lead to the erosion of underwriting standards."

U.S. Commercial, Multifamily Mortgage Delinquency Rates Dip in 3Q

World Property Channel

U.S. Commercial, Multifamily Mortgage Delinquency Rates Dip in 3Q
Posted by David Barley 12/07/12 8:00 AM EST

According to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report, delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter.

CMBS Issuance Expected to Increase by 50% in 2013

World Property Channel

CMBS Issuance Expected to Increase by 50% in 2013
Posted by Hortense Leon 11/26/12 10:08 AM EST

While there are a number of challenges that will face the US economy in 2013, good news is forecast for the CMBS market in the new year. According to a November 21th report issued by Deutsche Bank, the non-agency issuance volume of CMBS will increase by 50% to approximately $60 billion. That would be the highest total volume of CMBS issuance since the financial meltdown.