Sabal Financial Group LP has announced the expansion of its Commercial Mortgage-Backed Securities (CMBS) business with the launch of Sabal Commercial Advisors. Sabal Commercial Advisors will leverage the company’s existing CMBS loan underwriting and due diligence platform to provide CMBS investors and CMBS loan originators with a single-source solution for transaction support services.Click to continue

In April, the Trepp CMBS delinquency rate posted its lowest reading in more than two years. The 47 basis point drop in the delinquency rate was the biggest one month gain since Trepp began publishing the number in the fall of 2009. All major property types saw their delinquency rates fall in April. Hotel and apartment loans led the pack, each with more than 100 basis points in improvement. The delinquency rate for US commercial real estate loans in CMBS was 9.03 percent in April, the lowest reading since the November 2010 rate of 8.92 percent.Click to continue

First quarter 2013 commercial and multifamily mortgage loan originations were nine percent higher than during the same period last year and 36 percent lower than the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. “First quarter commercial and multifamily mortgage origination volumes were nine percent higher than last year’s first quarter level,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.Click to continue

Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012 according to the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Loans originated for Fannie Mae, Freddie Mac and FHA in 2012 collectively totaled $77.6 billion, and represented the leading investor group.Click to continue

The delinquency rate for U.S. commercial real estate loans in CMBS inched higher by eight basis points in March to 9.50 percent after reaching the lowest level in a year last month. Overall, the rate has fallen 84 basis points since hitting its all-time peak of 10.34 percent at the end of July 2012. Loan resolutions continued to drop in March, falling from just under a billion dollars in February to almost $850 million. There were $2.8 billion in newly delinquent loans reported in March, up slightly from the previous month. There are currently $52.1 billion in U.S.Click to continue

The Mortgage Bankers Association (MBA) released its fourth quarter 2012 Commercial Real Estate/Multifamily Finance Quarterly Data Book. The report includes a summary of major trends and detailed charts and tables that provide current and historical information on the economy and commercial/multifamily real estate markets. Among the findings covered in the fourth quarter Data Book:

►Commercial and multifamily mortgage debt outstanding increased by $21.8 billion, or 0.9 percent, in the fourth quarter of 2012, as all four major investor groups increased their holdings.Click to continue

Wells Fargo was the top commercial/multifamily mortgage originator in 2012, according to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA). Other top originators include Bank of America Merrill Lynch; HFF, L.P.; PNC Real Estate; Meridian Capital Group, LLC; CBRE Capital Markets, Inc.; Prudential Mortgage Capital Company; KeyBank Real Estate Capital; Jones Lang LaSalle; Walker & Dunlop; NorthMarq Capital LLC and Berkadia.Click to continue

Trepp has released its February Loss Analysis, showing a slight drop in total liquidation volume but a precipitous decline in the number of loans resolved. Trepp breaks down the loss analysis into more detail, specifically by property type and loan size.

In the table below Trepp breaks out losses by major property type over the last 38 months for all loans. In the second table we eliminate loans with losses of less than 2 percent of the loan balance, and again submit losses by major property type.Click to continue

According to the Trepp January Payoff Report, the percentage of loans paying off on their balloon date has exceeded 60 percent for the fifth time in the last six months. In February, 61.8 percent of loans reaching their balloon date paid off--a decrease of about five percentage points from the January reading. The February rate of 61.8 percent is well above the 12-month moving average of 49.2 percent.Click to continue

Resolution volume dropped 16 percent in February on the basis of liquidated balance, according to Trepp’s February CMBS Loss Analysis released today. On the basis of loan count, February’s total was less than half of January’s level. February average loss severity ended up at 44.26 percent, 13 basis points lower than January’s 44.39 percent.Click to continue