New Set of Lenders Is Chomping at the Bit
There's a swelling industry chorus predicting sizeable declines in commercial real estate values over the next 18 months. A number of indices suggest...
Bondholders Fare Best In Takeover of GSEs
For nine months, commercial mortgage brokers, bankers, and their multifamily investor clients had been feeling what the rest of the world undoubtedly...
Bond Market Signals More Defaults Ahead
When the Federal Reserve Board met on Aug. 5 to set monetary policy, with the exception of a lone dissenting member, all voted to keep the Fed funds rate...
Fending Off Scavenger Investors
It is no secret that armies of fund managers are on the hunt for distressed real estate and struggling mortgage investors. Against that backdrop, the...
Future Lending Hinges On Loan Trades
There is a new paradigm floating around the commercial real estate investment community today it is that mortgage debt is worth more than the real estate...
Will the Loan Trade Market Finally Open Up?
For some time now, there has been a virtual standoff in the real estate loan investment and trading marketplace. Investors with access to capital have...
Savvy Fund Managers Seize Opportunity
Real estate investment funds have been on a capital-raising binge for the past two quarters, drumming up in excess of $20 billion in the first quarter...
How Downgrades Force Institutional Selling
In late February, investment analysts at Merrill Lynch downgraded the stocks of mortgage investment giants Fannie Mae and Freddie Mac. A few days later,...
Regulators Voice Real Estate Angst
The high concentration of commercial real estate loans made by community banks is gaining the attention of the chief officer of the Office of the Comptroller...
Borrowers' Fate Rests On Refi Options
During the booming real estate market of the previous five years, creative financing dominated the landscape. Investors were demanding high leverage in...
