Sears mulls closing another 50-80 stores – CNBC By Stephen Alpher Seeking Alpha December 21, 2018 When the company filed for bankruptcy two months ago, it had just under 700 stores and said it was planning on shuttering 142 of them.
Treasury’s point man on GSE reform stepping down Treasury’s point man on GSE reform stepping down Craig Phillips, who has been developing the Trump administration’s plan to help free Fannie Mae and Freddie Mac from conservatorship, will leave Treasury next month.Berkshire Hathaway JV Berkadia buys Central Park Capital Partners Berkadia, a joint venture run by Berkshire Hathaway and Jefferies Financial Group, is acquiring real estate capital advisory firm central park Capital Partners to diversify its capital sources. The financial terms of the transaction were not disclosed. "As the cycle matures and deal structures become more sophisticated, tapping into a wide range of joint venture.Application volume is flat as refinance activity slows While most of the drop stemmed from a continued reduction in refinance activity, applications to purchase a home also fell. Refinance volume, which is highly sensitive to even the smallest moves in interest rates, has been weak all year because mortgage rates jumped after the November election and haven’t come down much.
The commercial mortgage-backed securities delinquency rate continued to rise last month, according to data from Trepp. The rate now sits at 4.98 percent, 20 basis points higher than September’s rate. Over $1.9 billion in loans became newly delinquent last month "which put 42 basis points of.
Commercial Real Estate Direct Staff Report. The volume of CMBS loans that are more than 30-days late continues to improve. Last month, that volume totaled $21 billion, or 4.15 percent of the $506 million universe tracked by Trepp LLC.That’s an improvement from the $23.5 billion of loans that were delinquent in January, when the delinquency rate was 4.35 percent.
Refinancing could get harder for some Chicago landlords – according to Bloomberg loan reports. Allgauer declined to comment. In the Chicago area, the CMBS delinquency rate for hotels was just 1.49 percent in February, according to Trepp. Among the five main.
March 13, 2013 Trepp: Hotel Loans Help Improve CMBS Delinquency Rates. Significant improvement in the performance of hotel loans largely is responsible for the decline in the delinquency of commercial mortgage-backed securities in February, according to the U.S. cmbs delinquency report released March 4 by real estate analytics firm Trepp.
The delinquency rate for US commercial real estate loans in CMBS is now 7.25%. January’s rate decrease can be attributed to the almost $1.3 billion in previously delinquent loans that were resolved with losses over the course of the month. By removing these delinquent loans from the numerator, the rate saw 24 basis points of improvement.
Why that great mortgage rate offer might not apply to you Nottingham Building Society is giving home buyers £1,000 to take out a mortgage – Also keep in mind that lenders will only offer the lowest rates to those who have the best credit scores so you’re not. here’s why and how you can afford to do it. If you don’t want to give your.
Learn more about CMBS Loans in commercial real estate.. CMBS Delinquency Rates Near Two-Year High In February.. Hundreds Of Properties Backing CMBS Loans At Elevated Risk Following Hurricane.
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The delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month to 8.38%. This represents a 10-basis-point drop since July’s reading and a 175-basis-point improvement from a year ago. The August 2013 level is the lowest Trepp delinquency rate in three years.
By property type, in May, retail loans. CMBS universe and 24.4 percent of total delinquency. The retail default rate increased to 6.5 percent, up substantially from 2.6 percent one year ago..