John B. Levy & Company principal Andy Little looks at some of the trends the industry saw in the past quarter as well as the future impacts of Fannie Mae and Freddie Mac.
The Giliberto-Levy Commercial Mortgage Performance Indexsm (GLCMPI), which begins in 1972, is a time series of quarterly commercial mortgage total returns. The index utilizes a total rate of return methodology that incorporates mark-to-market prices and credit loss impacts, using a proprietary pricing matrix. The database from which the index is comprised consists of a thorough cross-section of fixed-rate, fixed-term loans made by institutional lenders.
March 14, 2011 9:53 PM
By Paula C. Squires, Virginia Business
There’s more money in the market for commercial real estate, with a bounce back in CMBS (commercial mortgage-backed securities) and more interest from insurance companies.
Yet along with those signs of recovery, John B. Levy said Monday that some properties continue to struggle, avoiding foreclosure through discounted payoffs. That’s when a lender gets partially paid off, but not in full.
By Tom Shean
© March 22, 2011
Plans to restructure Fannie Mae and Freddie Mac have sent shivers through the nation’s home-building and home-finance industries.
Owners and developers of apartment complexes also will feel the impact of any overhaul of the two government-owned lenders, a veteran mortgage banker said Monday.
After playing a significant role in financing multifamily projects for decades, Fannie and Freddie will be shrinking,
Commercial Real Estate – Out of intensive care, but still in recovery