The month of July brought a significant jump in the volume of commercial mortgage-backed securities loans liquidated and a concurrent drop in the overall loss severity rate, according to CMBS analytics firm Trepp.
July's liquidation volume neared record highs when compared to the volumes recorded since Trepp began tracking results in 2010. Loan liquidations totaled $2.05 billion, which compares to the 12-month moving average of $1.35 billion.
Read more...CMBS liquidation hits record high, loss severity rate drops | HousingWire
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