Housing Market Not As Healthy As Low End Would Suggest
November 18, 2009
For months now we’ve been hearing of the housing market picking up, starting with the low end. We’ve seen a healthy uptick in volume, and even price increases, but we’ve been skeptical about the durability. The reason being is that home lending by the FHA has filled the vacuum left by the departure of the [...]
Read More >>Commercial/Multi-Family Delinquency Rates Continue Hike Up
September 11, 2009
The Mortgage Banker’s Association released second quarter delinquency rate numbers for all commercial and multi-family groups. Loans falling under the umbrella of CMBS and those made by bank’s and thrifts are seeing rapid increases in delinquency rates while Freddie, Fannie, and life company loans are holding up fairly well. Between the first and second quarters, [...]
Read More >>California Commercial Mortgage Defaults Triple; Still Very Low
August 1, 2008
The CMBA (California Mortgage Bankers Association) released its latest number. The data covered 10,794 properties and found that only 7 were delinquent beyond 30 days. The default rate, .06% is triple what it was last quarter, but still only represents a small number of properties. In August of 2007, the CMBA Index hit a 5-year [...]
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