Trepp Releases February CMBS Loss Analysis via National Mortgage Professional

Resolution volume dropped 16 percent in February on the basis of liquidated balance, according to Trepp’s February CMBS Loss Analysis released today. On the basis of loan count, February’s total was less than half of January’s level. February average loss severity ended up at 44.26 percent, 13 basis points lower than January’s 44.39 percent.

February liquidations came in at $965.4 million, relative to the 12-month moving average of $1.36 billion. The 73 loan liquidations resulted in $427.3 million in losses, translating to an average loss severity of 44.26 percent. This is above the 12-month moving average of 41.56 percent. Since January 2010, servicers have been liquidating at an average rate of $1.17 billion per month.

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