AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CRE Finance Keeps Growing.(commercial real estate)(Brief article)
NEW YORK -- The share of commercial mortgage debt in U.S. gross domestic product reached 15.8% in the fourth quarter of 2005, the highest level since the record of 15% set in 1988 at the peak of the last real estate cycle, Moody's Investors Service reports.
This, along with annual property appreciation of 12% for last year, which Moody's says is the largest increase since 1978, leads the credit rating agency to believe that commercial real estate finance is "entering uncharted waters."
Another indicator that is of concern to Moody's is that the loan-to-value ratio on commercial mortgage-backed securities conduit loans has reached 103.8% in the first quarter of 2006.
This is the highest level of record and Moody's views it as a sign of increased balloon refinance risk.
As well, the share of conduit loans that is partially or fully interest-only reached a "new high" of 70%, which is nearly triple the level of two years ago, "further contributing to increased balloon risk," according to Tad Philipp, Moody's managing director for CMBS and author of the report.
Further, in the first quarter as ...
- Moody's Launches First Real Estate Fund Ratings Worldwide; Boosts Transparency...
- Press release article from: Business Wire April 2, 2002 700+ words
...This new system, called Moody's Real Estate Fund Ratings, is designed...delivered the message that Moody's Real Estate Fund Ratings will be important...agency's mutual fund group. Moody's Real Estate Fund Rating is comprised of...
- Moody's Is First To Develop And Publish Real Estate Fund Rating Criteria;...
- News wire article from: Canadian Corporate News December 9, 2002 700+ words
...methodologies. "The aim of Moody's real estate fund ratings is to substantially...Kriz, Managing Director of Moody's Real Estate Finance Group. "We believe...coverage for a broad spectrum of real estate firms. Moody's real estate fund ratings...
- Moody's is First to Develop and Publish Real Estate Fund Rating Criteria;...
- Press release article from: Business Wire December 9, 2002 700+ words
...methodologies. "The aim of Moody's real estate fund ratings is to substantially...Kriz, Managing Director of Moody's Real Estate Finance Group. "We believe...coverage for a broad spectrum of real estate firms. Moody's real estate fund ratings...
- Enhance disputes Moody's prediction of further losses from real estate....
- Magazine article from: The Bond Buyer Task, Aaron L. December 22, 1993 700+ words
...our commercial real estate exposure makes...positive than Moody's is," the...conclusions of Moody's report on our commercial real estate exposure...its commercial real estate portfolio...speculate that Moody's might have...
- Moody's: Enhance may have to raise capital to cover real estate losses.(Moody's...
- Magazine article from: The Bond Buyer Wamsteker, Peter J. April 13, 1995 700+ words
...s commercial real estate exposure, Moody's did not specify...in 13 commercial real estate transactions totaling...according to Moody's. Of the total...stockholder equity. Moody's said Enhance's commercial real estate losses were mainly...
- Moody's gives low grade to Fairfield County, Conn., commercial real estate.
- Newspaper article from: Stamford Advocate (Stamford, CT) October 8, 2004 700+ words
...investment banks. Moody's rates the nation's commercial real estate markets on a scale...space. According to Moody's, the top 10 real estate markets across all...amp; Company Real Estate Inc. Moody's refers to Fairfield...
- Moody's develops real estate measure. (Industry at a Glance).
- Magazine article from: Investment Management Weekly Lewis, Jakema January 6, 2003 700+ words
Moody's Investors...for evaluating real-estate funds. The new...Inquiries by global real-estate investors sparked...rating report, Moody's Senior VP...for open-end real estate funds in their region. Once Moody's learned of...
- Moody's ranks Pittsburgh commercial real estate market among nation's 10 worst.
- Newspaper article from: Pittsburgh Post-Gazette (Pittsburgh, PA) July 14, 2004 700+ words
...Jul. 14--A new Moody's Investors Service...nation's commercial real estate markets ranks Pittsburgh...in that market. Moody's attempted to...state of the local real estate market in seven...meaningful." When Moody's doesn't have...each segment of the real estate ...
