Loan resolutions and loss severities continued to rebound from relatively low levels in the first quarter of the year, according to Trepp.
In particular, February and March saw losses well below the 12 month moving average of 43.8%. The April and May loss severities have proven more indicative of recent trends, at 42.68% and 43.87%, respectively.
At $1.64 billion, liquidations were about 23% higher than the 12 month moving average of $1.33 billion per month. Liquidations were up 15% month-over-month in May and 85% from the 12 month low seen in February.
Read more...Trepp: Loan Resolutions, Loss Severities Coming In Near Historical Norms - Citybizlist Baltimore
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