There have been a few of these news stories floating around lately…this one seemed quite informative. – Tim –
The Federal Reserve Board on Friday announced that, starting in June, commercial mortgage-backed securities (CMBS) and securities backed by insurance premiums finance loans will be eligible collateral under the Term Asset-Backed Securities Loan Facility (TALF).
The CMBS market came to a standstill in mid-2008. The inclusion of CMBS as eligible collateral for TALF loans will help prevent defaults on economically Read more of this article »
One thing for sure – CoStar is good for reports like this – Tim
Falling Prices Hindering Already-Difficult Ability To Refinance Loans on Time
An uptick in both the number and average loan size of new defaults resulted in a one-quarter point climb in March CMBS delinquencies to end the month at 1.53%, and there are significant indicators that point to record climb in defaults in April as well, according to Fitch Ratings.
I bumped into this story online yesterday – some interesting news that I found encouraging
- Tim
WASHINGTON – April 22, 2009 – Senior real estate executives believe market conditions in the income-producing real estate sector – encompassing office buildings, shopping malls, warehouses, hotels, and apartment buildings – are getting better, Read more of this article »
NEW YORK CITY-Teachers Insurance and Annuity Association, or TIAA-CREF, is putting around 375,000 square feet of its owner-occupied headquarters at 730 Third Ave. on the market today, sources tell GlobeSt.com.
The 90-year-old annuity financial services firm, founded by Andrew Carnegie, reportedly… Read more of this article »
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I bumped into this story online yesterday – some interesting news that I found encouraging
