Latest News and Reports

Highlights from the Q3 2014 Bank Lending and Default Report

Q3 2014 Investment & Debt Trends Chandan's Q3 2014 apartment lending and investment trends report is available now on the client site.

November 30 | Austin Business Journal

CRE Default Rate Flat in Texas Austin Business Journal's Cody Lyon reports on the findings of the Chandan's third quarter bank default and lending report and trends for Texas-based banks. Lyon writes that Texas default rates have been largely unchanged over the last year:

Texas commercial default rates remained essentially flat over the past year. In the third quarter 2011, 3.08 percent of Texas commercial loans on bank’s books were in default, mirroring the same quarter last year and slightly down from the 3.26 percent reported second quarter 2011.

Q3 2011 Bank Default and Lending Report and Tables

The combined default rate on banks’ commercial and multifamily mortgage loans fell to 3.75 percent in the third quarter, down 19 basis points (bps) from the previous quarter’s 3.94 percent default rate and 67 bps from the cyclical peak of 4.42 percent recorded in Q3’10. The related dollar volume of multifamily and commercial real estate loans in delinquency and default declined by $2.4 billion during Q3’11, to $59.0 billion, and is $15.4 billion below its Q1’10 peak of $74.4 billion.

November 29 | Mortgage Orb

Commercial Real Estate Default Rate Down to 3.75% In Q3 Commerical Mortgage Insight reports on the findings of the third quarter bank default and lending report:

Chandan Economics found that banks' CRE REO increased to $13.5 billion in the third quarter, a new cyclical high. Between nonperforming balances and REO, there is $72.4 billion in distressed multifamily and CRE loans in the domestic banking system as of the third quarter. With the inclusion of construction loans, that total rises to over $110 billion.

November 21 | Fox Business Network

Housing Hitting Bottom? Following the release of new data showing a rise in home sales, Connell McShane speaks with Sam Chandan about the sector's outlook. In spite of record-low mortgage rates, rising rents, and declining house prices, the increase in sales activity has been relatively modest. Dr Chandan explains why a sustained improvement in housing is unlikely to assert itself in the near- to medium-term.

Visit our new page – Chandan on the Housing Market – for this and other recent commentary on housing market conditions.

November 9 | National Real Estate Investor

Nontraditional Lenders Gain Multifamily Market Share | by Susan Piperato | As apartment fundamentals continue to strengthen, a broad range of lenders is reengaging with investors in support of property sales and new construction. NREI Managing Editor Susan Piperato writes:

November Economic Review

Economy Buffeted By European, Domestic Headwinds If equity markets offer any indication, investor optimism in the outlook for business profits increased measurably during October. The Dow Jones jumped more than 1,000 points during the month, rising by 9.5 percent. A broader market measure, the S&P 500 spiked 10.8 percent, its best one-­‐‑month result since 1991. REIT stocks performed even better.