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  1. Furthermore, 48 of the 154 markets tracked by Zillow, or nearly one in three, showed gains in home values during 2009
  2. US homes' devalued $489 billion during the first 11 months of '09, significantly less than the $3.6 trillion lost in '08 according to Zillow
  3. % of CMBS loans in special servicing as of 11/30 by property: Hotels 17.3%; MF 13.0%; Retail 9.7%; Office 4.9%; Industrial 4.1%. Per Trepp.
  4. Lender Processing Services reveals a US loan deterioration ratio higher than 3:1, ie for each loan improved, 3 more loans are deteriorating
  5. 14% of homeowners are delinquent on their mortgages or in foreclosure. The highest level ever recorded by the Mortgage Bankers Association.
  6. % of CMBS loans in special servicing climbed to an all time high of 9% last month fueled by the transfer of the $3 billion loan on NYC apt.
  7. Another sign of improving credit markets- Fortress' AAA piece of it's to be issued CMBS is being priced at swaps + 200, with no TALF support
  8. A record 1 in 7 US mortgages were in foreclosure or at least past due in the 3rd qtr, signs the recovery in the housing market will be tepid
  9. Per Zillow homeowners in the West US were the least realistic re the value of their homes. 28% believe their homes appreciated, but 17% did.
  10. Construction of new homes in US fell 10.6% last month to 529,000 annualized units, showing potential weakness in the economy’s recovery.
  11. The 1st CMBS offering since June 2008 is pricing today and will be a blowout. Spreads have tightened 3 times and will price to less then 5%
  12. FHA has sustained large losses on loans made before 2009, leaving it with capital reserves of just 0.53%, well below the 2% required by law.
  13. Refinancing drove US mortgage applications higher last week as borrowing costs fell below 5% but home purchase demand sank to a 9 year low.
  14. RealtyTrac estimates a record 3.4 million households will get a foreclosure notice this year, a 48% spike from 2.3 million last year
  15. The number of homes listed for sale by the Multiple Listing Service fell for the 16th consecutive month in October, ZipRealty reported.
  16. Signs of thaw in the credit market - DDR is selling $400 million of debt in the 1st CMBS to be sold under the Fed's emergency loan program.
  17. Freddie Mac, 2nd largest provider of US mortgage funding, Friday posted $5 billion loss for 3rd qtr and said it would need more govt support
  18. Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter.
  19. CMBS delinquency hit 4.8% in October, up from 4.36% the prior month and dwarfing the 0.77% rate a year earlier, according to Trepp.
  20. Existing-home sales increased by 9.4% to a 5.57 million annual rate in Sept as buyers grabbed lower prices before the $8,000 tax credit ends