MBA NewsLink interviewed Timothy E. Steward, Senior Vice President and co-head of Midland Loan Services, a PNC Real Estate business. Steward leads a team of more than 500 professionals responsible for delivering loan servicing, asset management and technology solutions to the commercial real estate finance industry.
Tag: Commercial Mortgage-Backed Securities
Fitch Ratings: Coronavirus Sparks Largest-Ever CMBS Delinquencies Rate Jump
June saw the largest month-over-month increase in the commercial mortgage-backed securities delinquency rate in more than 15 years, reported Fitch Ratings, New York.
Moody’s Sees ‘Drastic Drop’ in CMBS Supply-Demand Fundamentals
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market fell “drastically” in the first quarter.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.
MBA: 1QCommercial, Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter, the Mortgage Bankers Association said in its first quarter Commercial/Multifamily Delinquency Report.
Andrew Foster: Travel Nosedive Knocks Hospitality Industry
COVID-19 has impacted the entire United States and commercial real estate is no exception; however, no property type is quicker to experience the impacts of a downturn than lodging, where rental rates reset daily.
CMBS Report: More Than 2,600 U.S. CMBS Borrowers Seek Coronavirus Relief; Delinquency Reports Mixed
Fitch Ratings, New York, reported more than 2,600 commercial real estate borrowers, representing $49.1 billion of mortgage loans, have sought potential debt relief during the first two weeks of the U.S. coronavirus outbreak.
The CMBS Market During a Pandemic: A Fitch Ratings Q&A
MBA NewsLink interviewed Fitch Ratings Senior Director of Structured Finance Adam Fox and Senior Director Britt Johnson about the potential impact of the COVID-19 pandemic on the commercial mortgage-backed securities market.
MBA: Commercial/Multifamily Mortgage Debt Grows by Largest Annual Amount Since 2006
The Mortgage Bankers Association reported commercial/multifamily mortgage debt outstanding at the end of 2019 rose by $248 billion (7.3 percent) from a year ago.
MBA: 4Q Commercial/Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low in the fourth quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.