Payoff rate of CMBS greater than 50% for second month in a row via HousingWire

Of the $920 million in commercial mortgage-backed securities loans scheduled to mature in November, $677 million, or 74%, paid off in full, according to Morningstar's monthly CMBS maturity report.

This is the second consecutive month in which the pay off rate was greater than 50%, Morningstar added.

Prior to October, the monthly pay-off rate for maturing loans previously peaked at 61% in April

Read more...Payoff rate of CMBS greater than 50% for second month in a row | HousingWire