CMBS Loan Prices Down in July – NMP Skip to main content

CMBS Loan Prices Down in July

Phil Hall
Aug 27, 2018
The level of commercial and multifamily mortgage debt outstanding hit $3.39 trillion by the end of 2018

Prices of commercial real estate loans underlying commercial mortgage-backed securities (CMBS) were down slightly in July, according to new data from DebtX.
 
The estimated price of whole loans securing the CMBS sector dropped from 96.5 percent in June to 96.2 percent in July. By the end of last month, DebtX priced $1.22 trillion in commercial real estate loans that collateralize CMBS trusts, adding that the median adjusted loan-to-value remained at 58 percent while the median debt service coverage ratio was unchanged at 1.52. The median estimated loan yields rose to 4.7 percent.
 
“The modest decline in loan prices in the CMBS universe in July can be primarily attributed to changes in the yield curve rather than credit quality,” said DebtX Managing Director Will Mercer.

 
Published
Aug 27, 2018
Online Brokerage REX Pursues Litigation Against Zillow & NAR

The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.

Industry News
May 16, 2022
Fannie Mae Seeks Innovative Housing Ideas

Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.

Industry News
May 16, 2022
BSI Financial Hires Execs To Drive HR, Investor Reporting

Sean McGowan will lead HR, training and company culture; Shannon Clay to head investor reporting, reconciliations, and cash management initiatives.

Industry News
May 16, 2022
Home Point First Quarter Earnings Down Significantly

Net income down more than 90% from a year ago.

Industry News
May 13, 2022
New FHA Head Approved After Lengthy Delay

Vice president breaks tie vote for Julia Gordon nomination confirmation.

Industry News
May 12, 2022
Rocket CEO Predicts A Recession

He's seeing consumer spending decline through their TrueBill system

Industry News
May 12, 2022