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commercial mortgage-backed securities (CMBS)

Commercial/Multifamily Mortgage Debt Outstanding Rises in Q2

Commercial and Multifamily Property

According to the Mortgage Bankers Association (MBA), the level of commercial/multifamily mortgage debt outstanding increased by $24.9 billion in the second quarter of 2014, as three of the four major investor groups increased their holdings.Click to continue

MBS Issue Lands Former Credit Suisse Manager Behind Bars

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Preet Bharara, the U.S. Attorney for the Southern District of New York, announced that David Higgs, a former managing director in the Investment Banking Division of Credit Suisse Group, was sentenced to time served in connection with a scheme to hide more than $100 million in losses in a mortgage-backed securities (MBS) trading book at Credit Suisse. On February 1, 2012, HIGGS pled guilty, pursuant to a cooperation agreement, to the offense of conspiracy to falsify the books and records of the bank.Click to continue

Q1 Commercial/Multifamily Mortgage Debt Increases by $11.1 Billion

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding increased by $11.1 billion in the first quarter of 2014, as three of the four major investor groups increased their holdings. That is a 0.4 percent increase over the fourth quarter of 2013.   

Total commercial/multifamily debt outstanding stood at $2.56 trillion in the first quarter. Multifamily mortgage debt outstanding rose to $913 billion, an increase of $8.7 billion, or 1.0 percent, from the fourth quarter of 2013.Click to continue

Commercial/Multifamily Delinquency Rates Slide in Q1

Commercial and Multifamily Property

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the first quarter of 2014, the 30-plus day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.69 percentage points to 6.16 percent.Click to continue

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

Commercial_Bldgs/Copyright: Getty Images/Credit: Simon Willms

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

Commercial Property Photo

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

Commercial Property Photo

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