Low Rates Driving CMBS Defeasance Trend

Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.

Housing Market Roundup

So much news, so little time and space. The end of the year seems to bring out the volume in housing market reports, so here are a couple paragraphs each on some of the latest reports to come across our desks:

CMBS Delinquency Rate Dips

The commercial mortgage-backed securities delinquency rate dipped in November, largely due to continued Coronavirus debt relief, said Fitch Ratings, New York.

REIT Outlook Negative, But Improving

The 2021 rating outlook for U.S. real estate investment trusts remains negative, but Fitch Ratings, New York, said its outlook for the sector is improving.

Hotel Sector Recovery Slows

The hotel sector recovery has slowed in recent months after rebounding in the fall from April lows, said Fitch Ratings, New York.

Industry Briefs Dec. 3, 2020

ReverseVision, San Diego, updated all documents that reference an index to support both the Constant Maturity Treasury (CMT) and London Interbank Offer Rate (LIBOR) indexes.

Industry Briefs Dec. 1, 2020

Fitch Ratings, Chicago, said while the ongoing coronavirus pandemic has negatively impacted the broader economy, the title insurance industry remains positioned for favorable margins with positive housing and mortgage market fundamentals heading into 2021.

Industry Briefs Oct. 27, 2020

Stewart Appraisals Management Inc., Houston, announced its acquisition of Pro-Teck Services Ltd., DBA Pro Teck Valuation Intelligence.

Housing Market Roundup

It’s been a busy week here, with the Mortgage Bankers Association’s Annual Convention & Expo wrapping up. Here is a summary of some key housing market reports that took place over the past week. A major theme: tremendous housing market resiliency amid continued economic turmoil.

What to Expect When Expecting Distress: A Servicer Roundtable

As COVID-19 and government responses continue to drive uncertainty around outcomes and outlooks, MBA Newslink interviewed senior professionals from a credit rating agency and several highly rated servicers to get their perspective on forbearance, loan workouts and portfolio management challenges for agency and non-agency CMBS.