CMBS office loans could be tougher to pay off on time as supply grows

Mortgage rates rise again, but shouldn’t affect home buying Mortgage applications increase on higher purchase volume The Digital Mortgage Borrowers Love Welcome to DocMagic. Our suite of digital solutions is designed to advance the mortgage process at every stage, continuously improving the experience for lenders, settlement service providers, investors and borrowers.

Below are five of the biggest CMBS loans issued in April and details about the properties these loans are backed by. Luxbao/Flickr Mack-Cali short hills office Portfolio, Short Hills, N.J.

Declining mortgage rates drive refis and new-home purchases Average mortgage rates up, but won’t affect home purchase season They attribute it in part to the effects of the holiday season, when demand for buying and refinancing. private buyers of mortgage-backed securities, who have largely been absent from the market,”The 0.4% decline in existing. The volume of mortgage applications to purchase homes has climbed to the highest level in more than a decade, Berson said, citing data from the Mortgage Bankers.

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It’s impossible to ignore how the Dodd-Frank bill has affected underwriting and the fact that some borrowers are having a tougher time getting loans approved. Pendergast said the Dodd-Frank risk retention rule, which requires cmbs issuers to retain 5% of a transaction, started on Dec. 24, 2016 – the idea is that you have “skin in the game.

properties in portfolio C could be assumed or pay off with a prepayment penalty but could also incur a loss. There was one non-multifamily asset securitized in CMBS that was related to the jacobson case. plum Tree Shopping Center in Provo Utah backs a $14.1 million loan securitized in LBUBS 2005-C7 (0.9% of the deal).

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The loan on the portfolio gives the property owner, Workspace Property Trust, the right to incur Property Assessed Clean Energy (PACE) loans to pay for energy efficiency upgrades. Lenders often consent to borrowers taking on additional debt that is subordinate to theirs, since they are assured of being repaid first.

Are you confused about about some fancy commercial loan term, like the difference between a permanent loan and a takeout loan, please write to me, George Blackburne III (the old man). I’ll try to blog on the subject so that not only will you learn this fancy lingo, but also so will future visitors to C-Loans.

Ginnie Mae must balance supervision with the scope of servicers’ risk Overseeing Finance’s New Era – Given what we’ve seen recently, from the government takeover of AIG, Fannie Mae and Freddie Mac. analysis of the scale and scope of transactions with affiliated companies and of assets and debts.

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Roughly $17.3 billion of retail loans in CMBS are set to mature this year alone, and a further $30.4 billion in 2017. Of the $17.3 billion, $2.6 billion-or 15.2 percent-is already specially serviced. Of the $30.4 billion maturing next year, $2.4 billion is specially serviced.