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Construction Loans Get Fitch Criteria.
New York -- Fitch Ratings has released a formal rating methodology on commercial real estate construction loan pools, declaring itself the first major rating agency to do so.
The analysis of such loans is different from that of conventional loans supporting commercial mortgage-backed securities, said Fitch senior director Joe Kelly.
"CRE construction loans are secured by collateral that is not a finished product," Mr. Kelly said. "The unpredictable nature of a CRE construction project makes the responsibilities and expertise of the sponsor and servicer critical throughout the entire project. A loan's repayment is contingent upon the successful completion of ...
- Fitch: Fitch Issues First-Ever Formal Criteria for U.S. CRE Construction Loans.
- Press release article from: Business Wire January 4, 2006 700+ words
...regarding Fitch's view of CRE construction loans as a product for securitization...pools. The analysis of CRE construction loans is different than for conventional...Senior Director Joe Kelly. 'CRE construction loans are secured by collateral...
- Derivative Fitch: Liquidity Woes A Concern for U.S. CRE Construction Loans.
- Press release article from: Business Wire September 27, 2007 700+ words
...concerns surrounding the inclusion of construction loans as collateral in U.S. commercial...been a central focus in analyzing construction loans, Derivative Fitch's refined methodology...adjustments to its base loss severity for construction loans for, among other things, junior...
- California CRE construction market stalls, lags national...
- Magazine article from: Mortgage Banking May 1, 2009 700+ words
Some commercial real estate (CRE) construction makets in California could see a turning point by the end of 2010, but many markets could take longer to recover as tight credit...
- Fitch Formalizes Rating Policy for Construction Loans.
- Magazine article from: National Mortgage News January 9, 2006 700+ words
...Commercial real estate construction loans are secured by...unpredictable nature of a CRE construction project makes...stressed market, construction loans are likely to...Fitch to service CRE construction loans." (c) 2006...
- Fitch Rates Construction Loans.
- News wire article from: Mortgage Line February 15, 2006 700+ words
...senior director Joe Kelly. "CRE construction loans are secured by collateral...unpredictable nature of a CRE construction project makes the responsibilities...qualified by Fitch to service CRE construction loans." (c) 2006 National Mortgage...
- Construction loans to be securitized?
- Newspaper article from: Asset Securitization Report May 16, 2005 700+ words
...CMBS group has one suggestion: construction loans. While attempts have been made in...structures have evolved. Securitizing construction loans is the next frontier," said Steven...it is exploring ways to securitize construction loans for the market. "I hope it is a...
- Building New CMBS With Construction Loans.
- Magazine article from: Investment Dealers' Digest May 16, 2005 700+ words
...backed securities market: construction loans. JPMorgan isn't the first bank to attempt to securitize construction loans, but the speculative nature...riskier and more lucrative construction loans are also a booming market...
- Looming trouble spot for U.S. economy: construction loans; Menace lies in loans...
- Newspaper article from: International Herald Tribune Floyd Norris September 5, 2009 700+ words
...trouble spot for U.S. economy: construction loans; Menace lies in loans for construction...confronting a worsening outlook for their construction loans, an area that boomed for much of...of June, about one-sixth of all construction loans were in trouble. With more than...
