CMBS

The fees that special servicers charge borrowers seeking loan modifications may present risk to bondholders, borrowers and the recovering CMBS market, said Fitch Ratings in a report today.

Fitch Ratings today released a presale on the $282 million Global Tower Partners (GTP) series 2012-1 and 2012-2.

The growth in demand for multifamily properties will increase future agency CMBS supply, according to an FTN Financial research report released Tuesday.

Barclays Capital analysts said in a report released yesterday that large region-specific note and REO auctions have become a regular feature in the past year.

Sales of commercial real estate loans that are in receivership have surged in the aftermath of CMBS defaults.

The percentage of loans paying off at their maturity date increased in January, according to CMBS data provider Trepp that just released its January Pay Off Report.

Phillips Edison & Co.'s Strategic Investment Fund I closed two CMBS loans totaling $94.5 million.

Barclays has filed an S-3 with the Securities and Exchange Commission (SEC) to possibly issue under its Barclays Commercial Mortgage Securities Trust.

Average three-month severities on CMBS conduit loans are at 47%, having steadily climbed since the middle of last year, according to Barclays Capital analysts, who predicted they would stay lofty in coming months.

In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.