CRE/CMBS Outlook May Depend on Property, Liquidity

U.S. commercial real estate market fundamentals currently look as if they will continue to stabilize going forward but it will depend to some extent on property type, location and liquidity, according to Fitch’s recent structured finance outlook conference call.

“At this moment in time Fitch expects that market fundamentals for U.S. commercial real estate will continue to stabilize,” said Huxley Somerville, Fitch’s head of U.S. commercial mortgage-backed securities, during the call.

He noted that one possible risk to the forecast that remains difficult to quantify is the effect “that a potential lack of CMBS liquidity may have on performance.”

This, he noted, “was already apparent in the second half, although its effects seem to have been muted at the property level.”

Daily Briefing | Tuesday, December 13, 2011

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    Senate Republicans plan to block the confirmation of Carol Galante to head the Federal Housing Administration until the Obama administration takes more forceful action to strengthen the government mortgage insurer – and issues a blueprint for dealing with Fannie Mae and Freddie Mac.

  • DocuTech Acquires Competitor LSSI

    Mortgage document preparation technology vendor DocuTech acquired competing doc prep technology Docs3D in a deal announced Tuesday.

  • Fed Keeps Existing Programs on an Even Keel for Now

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  • IG Busy Investigating Several Frauds Against the GSEs

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  • FHFA Sues Chicago Over Fees for Vacant REO

    The Federal Housing Finance Agency is urging a U.S. district court to block the city of Chicago from enforcing an ordinance that could increase the cost of maintaining foreclosed properties controlled by Fannie Mae and Freddie Mac.

  • DebtX to Sell Troubled ADC Loans

    DebtX, Boston, has been hired to sell roughly $334 million of troubled acquisition, development and construction loans for a bankrupt real estate fund.

  • Senate Committee Plans Vote on Hoenig for FDIC Seat

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  • Umpqua Expanding Commercial RE Lending

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  • Prudential Mortgage to Add Multifamily LOs

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Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_495/cre-cmbs-outlook-1027864-1.html

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