Commercial Finance and Lending

Subprime Related Losses Spread to France

August 9, 2007

Tweet BNP Paribas of France is freezing withdrawals from 3 funds following 20% losses and its inability to price the holdings of the funds. As there will likely continue to be a “run” on these types of funds we are likely to see a period of continued volatility in credit markets and higher spreads for both commercial paper […]


Commercial Mortgage Defaults Hit 5-Year Low; Lenders Spooked

August 7, 2007

Tweet The California Mortgage Banker’s Association released its quarterly survey last week which analyzes default rates amongst commercial mortgages. The survey analyzed over 10,000 mortgages and found that only 3 were delinquent indicating a default rate of just 0.03%, a level not seen in more than 5 years. What is interesting however is not that […]


Fixed Income Trouble and the Impact on Commercial Lending and Property Prices

August 6, 2007

Tweet The failure of sub-prime lenders, massive losses in hedge funds with sub-prime exposure, and now the perceived risk in loans that were previously believed to be relatively immune has now spread to the CMBS (commercial mortgage backed securities) market. Interest rate spreads (over US Treasury debt) are widening to accomodate for this increased level […]

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