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

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

Delinquency rates continued to decline for commercial and multifamily mortgage loans in the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. “The delinquency rates for commercial and multifamily mortgages dropped again in the fourth quarter,” said Jamie Woodwell, MBA’s VP of Commercial Real Estate Research. “The continued decline is being driven by improving property fundamentals and a strong finance market.”Click to continue

Jacob “Jake” P. Levin has joined SL Capital as a managing director. SL Capital, based in Miami, Fla., is an exclusive correspondent of Cantor Fitzgerald Commercial Real Estate (CCRE), which specializes in Commercial Mortgage-Backed Securities (CMBS), lending for commercial real estate owners and investors. Levin will be responsible for new business development as well as loan processing.Click to continue

Commercial real estate finance professional Lisa DeMarco has joined SL Capital as a vice president in the firm's Miami office. DeMarco will be responsible for credit underwriting and loan originations. SL Capital is an exclusive correspondent of Cantor Fitzgerald Commercial Real Estate (CCRE) and is focused on originating Commercial Mortgage-Backed Securities (CMBS) loans for owners of commercial real estate.Click to continue

The Trepp CMBS delinquency rate in December was unchanged from the previous month at 9.71 percent. After months of continued volatility, the delinquency rate for U.S. commercial real estate loans in CMBS has regained some stability. From early 2012 through the end of the summer, the CMBS delinquency rate bounced around considerably.Click to continue

The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). The $2.38 trillion in outstanding commercial/multifamily mortgage debt was $6.6 billion higher than the second quarter 2012 figure. Multifamily mortgage debt outstanding rose to $825 billion, an increase of $12.1 billion or 1.5 percent from the second quarter of 2012.Click to continue

Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the third quarter of 2012, the 60-plus day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.03 percentage points to 0.12 percent. The 60-plus day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.01 percentage points to 0.28 percent.Click to continue

Trepp LLC, a provider of information, analytics and technology to the commercial mortgage-backed securities (CMBS), commercial real estate and banking markets, released its October 2012 U.S. CMBS Delinquency Report, which has found that the delinquency rate for U.S. commercial real estate loans in CMBS fell 30 basis points to 9.69 percent in October. This was the biggest drop in the delinquency rate in 14 months and the third straight month in which the rate has improved. Loan resolutions remained high in October, with over $1.5 billion in loans resolved with losses.Click to continue

Clayton Holdings LLC has announced that James Meleones has joined the company as senior managing director of commercial real estate (CRE) services. Meleones will be responsible for all aspects of Clayton’s commercial real estate practice, including loan-level due diligence, loan and portfolio valuation and portfolio oversight and strategy. He will report directly to Paul Bossidy, president and CEO of Clayton.Click to continue