Moody's Investors Service has launched the Web version of its Moody's Commercial Mortgage Metrics, which was jointly released earlier this year by the rating agency and Torto Wheaton Research, a Boston-based property research company.CMM can serve as an early warning system for banks and other commercial real estate lenders when examining potential defaults and loss given default, Moody's said. The system's credit-risk metrics can also be used to more efficiently size capital allocations and price new loans. A number of different loan types (such as construction loans) are included in the new version. Also included are cross-collateralized and cross-defaulted loans, single loans on a portfolio of properties (such as a single loan on 10 buildings spread across the country), and multiple loans on a single property, Moody's said. The rating agency can be found online at http://www.moodys.com.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
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A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
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But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
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Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
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The top five loan officers produced an average of 628 loans in 2023.
April 22