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commercial mortgage-backed securities (CMBS)

Wells Fargo Named Top Commercial/Multifamily Originator in 2013

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According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), Wells Fargo; JP Morgan Chase & Company; Bank of America Merrill Lynch; Eastdil Secured; KeyBank; PNC Real Estate; HFF LP; Meridian Capital Group LLC; CBRE Capital Markets; and Prudential Mortgage Capital Company were the top commercial/multifamily mortgage originators in 2013.Click to continue

Outstanding Commercial/Multifamily Mortgage Debt Surpasses $41 Billion in Q4 2013

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding increased by $41.2 billion, or 1.7 percent, in the fourth quarter of 2013, as all four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2013 was $90.5 billion higher than at the end of 2012, an increase of 3.7 percent. Click to continue

Outstanding Commercial and Multifamily Debt Increases

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According to a new report from the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $25.2 billion in the third quarter of 2013, as all four major investor groups increased their holdings. That is a 1.0 percent increase over the second quarter of 2013.

Total commercial/multifamily debt outstanding stood at $2.47 trillion in the third quarter. Multifamily mortgage debt outstanding rose to $887 billion, an increase of $10.8 billion, or 1.2 percent, from the second quarter.Click to continue

Commercial and Multifamily Delinquincies Dip During Q3

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Delinquency rates for commercial and multifamily mortgage loans continued to decline in the third quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the third quarter of 2013, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.02 percentage points to 0.06 percent. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.04 percentage points to 0.05 percent.Click to continue

Commercial and Multifamily Mortgage Debt Hits $2.45 Trillion in Q2

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The level of commercial/multifamily mortgage debt outstanding increased by $24.5 billion, or one percent, in the second quarter of 2013, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). The $2.45 trillion in outstanding commercial/multifamily mortgage debt was $24.5 billion higher than the first quarter 2013 figure. Multifamily mortgage debt outstanding rose to $875 billion, an increase of $10.9 billion, or 1.3 percent, from first quarter 2013.Click to continue

Delinquency Rates for Commercial and Multifamily Mortgages Decline in Q2

Commercial and Multifamily Property

Delinquency rates for commercial and multifamily mortgage loans declined in the second quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the second quarter of 2013, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.01 percentage points to 0.08 percent. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.07 percentage points to 0.09 percent.Click to continue

Mortgage Debt Plummets $5 Billion in First Quarter

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The first quarter of 2013 saw a rise in the U.S. economy, with an annual rate approaching nearly two percent. Last year’s fourth quarter saw merely a 0.4 percent increase. These numbers come courtesy of the Mortgage Bankers Association’s First Quarter Databook for 2013. The study also highlights growth in employment, numbering nearly 150,000 jobs added during January alone. This would be followed by 32,000 jobs in February, 142,000 jobs in March, 149,000 jobs in April and 175,000 jobs in May.Click to continue

Q1 Commercial/Multifamily Mortgage Debt Drops Nearly $5 Billion

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding decreased by $4.9 billion, or 0.2 percent, in the first quarter of 2013, the first quarterly decrease since the third quarter of 2011, according to the Mortgage Bankers Association (MBA). The $2.41 trillion in outstanding commercial/multifamily mortgage debt was $4.9 billion lower than the fourth quarter 2012 figure. Multifamily mortgage debt outstanding rose to $842 billion, an increase of $4.1 billion, or 0.5 percent, from the fourth quarter of 2012.Click to continue

Commercial and Multifamily Delinquencies Decline in Q1

Commercial and Multifamily Property

Delinquency rates for commercial and multifamily mortgage loans generally declined in the first quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the first quarter of 2013, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios increased 0.01 percentage points to 0.09 percent. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.03 percentage points to 0.16 percent.Click to continue

BofA Reaches $1.6 Billion CMBS Settlement With MBIA

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Bank of America Corporation has announced a comprehensive settlement with MBIA Inc. to resolve all outstanding representations and warranties claims and all other claims between the parties. The agreement requires certain approvals of the New York State Department of Financial Services, which are expected to be received shortly, at which point the parties will execute the agreements and promptly close all contemplated transactions described below.Click to continue