Moody’s: Detroit, Dallas biggest CMBS losers via HousingWire

Of the 10 metropolitan statistical areas with the highest dollar losses for all of the liquidated commercial-mortgage backed securitized loans, Detroit placed first, with 59.2% followed by Dallas-Fort Worth, with 40.9%, according to Moody’s Investors Service.

In the third quarter, Detroit’s MSA had an additional $71.2 million in losses, increasing loss severity from to 59.2% from 58.3% in the previous quarter.

Dallas’ MSA had the second highest total dollar loss, with an additional $32.8 million in losses in the third quarter. Loss severity decreased to 40.9% from 41.9% in the prior quarter.

Read more...Moody’s: Detroit, Dallas biggest CMBS losers | HousingWire