National Mortgage News, Mar. 5, 2018–Bonnie Sinnock (subscription)”Many market participants believe that increased conduit leverage is required for the CMBS market to effectively compete for future commercial real estate loans and maintain CMBS conduit issuance at sustainable levels,” Fitch Ratings analysts wrote in a report.
Category: Top National News
CMBS Delinquency Rate Drops for Eighth Consecutive Month
National Mortgage Professional, Mar. 2, 2018–Phil HallThe delinquency rate has been in a free-fall for eight consecutive months, a 124 bps drop, and Trepp forecasts that “it is now possible that the rate could break the post-crisis low from February 2016 over the next few months.”
‘Fintech’ Firms Take Bigger Bite of Manhattan’s Office Market
Wall Street Journal, Mar. 4, 2018–Keiko Morris (subscription)Financial technology providers are gobbling up Manhattan office space as they expand operations and seek to tap the city’s growing tech labor force.
Economists See Clouds in the Silver Lining
Multi-Housing News, Mar. 7, 2018–Paul FiorillaAt a time when optimism is rampant in the real estate industry and the stock market is near record highs after a massive run-up, economists lived up to their billing as dismal scientists at the National Association of Business Economists annual policy conference in Washington, D.C., last week.
Institutional Investors Were Prepared for Market Volatility
PlanSponsor magazine, Feb. 26, 2018–Lee BarneyWhile the market volatility may be surprising to some, institutional investors have been diligently diversifying their portfolios in anticipation of its return, Natixis Investment Managers found in a survey of 500 institutional investors around the world.
First Quarter Expected to be a Slow One for Investment Sales
National Real Estate Iinvestor, Feb. 26, 2018–Mary DudichIn January, investment sales volume dropped 3 percent year-over-year, with all sectors except for industrial seeing declines, Real Capital Analytics said.
The Federal Reserve Thinks Stocks and Commercial Real Estate Prices are Getting Too Rich
CNBC, Feb. 23, 2018–Tae Kim The Federal Reserve released its Monetary Policy Report to Congress on Friday. “Valuation pressures continue to be elevated across a range of asset classes including equities and commercial real estate,” the report said.
Rising Rates Aren’t All Bad News for Mortgage-Backed Investors
Bloomberg, Feb. 27, 2018–Christopher MaloneyWhile rising rates may cause duration extension headaches for mortgage-backed security investors, premium coupons’ relative performance may be helped by slowing prepayment speeds.
2018 to Be Another Good Year for Borrowers
Commercial Property Executive, Feb. 22, 2018–Jay MaddoxDespite concerns about the potential impact of rising interest rates and a jittery stock market, the good news is that CRE lenders have abundant capital allocations and aggressive origination targets for 2018.
In Supply-Starved Home Market, Can Wall Street Landlords Help?
Bloomberg, Feb. 28, 2018–Patrick ClarkWall Street landlords own thousands of single-family homes in the U.S. Buyers are struggling to find houses they can afford in inventory-starved markets. Can they make a match?