Kroll Bond Rating Agency, New York, just released its CMBS 2023 Sector Outlook, which looks at key credit trends from 2022 and forecasts U.S. issuance activity for the new year. MBA NewsLink interviewed KBRA’s Larry Kay and Andrew Foster to get their insights on the current lending environment and property fundamentals as well as factors that may affect overall property performance in 2023.
Tag: CMBS
Fitch: Most Maturing CMBS Conduit Loans Can Refinance
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.
CMBS Delinquency Rate Falls; Special Servicing Rate Increases
The commercial mortgage-backed securities delinquency rate fell slightly in September, offset by an increase in the special servicing rate.
CMBS Supply-Demand Fundamentals Improve Slightly
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market improved slightly in the second quarter.
CMBS Loan Delinquency Rate Drops Below 2%
Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate fell eight basis points in August to 1.97% due to continued strong resolutions and fewer new delinquencies.
KBRA: Servicers Performed Admirably During COVID
Kroll Bond Rating Agency, New York, said commercial mortgage-backed securities servicers “performed admirably” over the last two years while facing nearly unprecedented distress during the COVID pandemic.
CMBS Delinquency Rate Falls Sharply
Trepp LLC, New York, said the commercial mortgage-backed securities delinquency rate posted another large decline in May.
Fitch: Retail Resolutions Drive May U.S. CMBS Loan Delinquency Rate Lower
Fitch Ratings, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell by 22 basis points to 2.10% in May, amid strong retail resolution volume and robust new issuance.
Fitch: CMBS Properties See NOI Recovery
Fitch Ratings, New York, reported property-level net operating income for commercial mortgage-backed securities loans rebounded 6.1 percent on average in 2021.
MBA Education Introduction to Commercial Mortgage-Backed Securities May 19
A critical component of commercial real estate financing, commercial mortgage-backed securities involve numerous industry participants, provisions and considerations with how the security is ultimately structured.