Interest rates

Fitch: Office loan delinquencies will exceed global financial crisis levels

by
Fitch: Office loan delinquencies will exceed global financial crisis levels

The delinquency rate of U.S. CMBS loans will rise more than expected this year and next, eclipsing the peak of the Global Financial Crisis in 2025, according to a new national bureau report. Fitch Ratings on Friday raised its U.S. office CMBS delinquency forecast to 8.4% for 2024 and 11% for 2025. The office delinquency … Read more

Mortgage foreclosure volumes tend to rise amid market uncertainty

by
Mortgage foreclosure volumes tend to rise amid market uncertainty

Mortgage foreclosure volumes rose almost 7% in May as borrowers faced continued rate volatility. Bonds grew at an increased rate of 6.78% in May, compared with 1.87% in April, according to secondary market services provider Mortgage Capital Trading. On a year-over-year basis, mortgage foreclosure volume also increased by 19.84% last month Among the loan categories, … Read more