#MBACMST23: Learning from Downturns

CHICAGO–Real estate has always been a cyclical industry, so we can learn a lot from past downturns, panelists noted here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.

CMBS Delinquency Rate Dips; Offices See Increase

The commercial mortgage-backed securities delinquency rate fell slightly in March, but the segment that everyone watches closely–office–saw its rate move higher again, reported Trepp, New York.

Moody’s: CMBS Loss Severities Drop

Moody’s, New York, reported U.S. commercial mortgage-backed securities had the lowest loss amount last year since 2009, but noted loss severities remained elevated.

MBA Letter Addresses Risks to Proposed SEC Rule on Securitizations

The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.

CMBS Supply-Demand Fundamentals Slip

Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody’s Investors Service, New York.

CMBS Special Servicing Rate Rises Again

Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased in November for the fourth consecutive month.