KBRA 2020 CMBS Preview

MBA NewsLink interviewed Kroll Bond Rating Agency Senior Managing Director Eric Thompson and KBRA Senior Director Larry Kay about their firm’s 2020 outlook for commercial mortgage-backed securities.

2019-To-Date CMBS Defeasance Surpasses Full-Year 2018

Commercial mortgage-backed securities 2.0 defeasance through the third quarter already surpasses 2018 full-year activity as borrowers take advantage of low interest rates and improved property performance, reported Fitch Ratings, New York.

CMBS Supply-Demand Fundamentals Slip

Commercial property market supply and demand fundamentals slipped in the second quarter, said Moody’s Investors Service, New York. The overall composite score decreased one point to 69, remaining in the …

Studying CMBS 2.0 Loan Performance 10 Years On

Next year will mark the first time a meaningful amount of post-crisis 10-year commercial mortgage-backed securities loans come due. So Kroll Bond Rating Agency studied 2009-vintage loans to see how well they will refinance.