Leverage on newly originated commercial mortgage-backed securities loans has reached levels not seen since the market reboot, according to analysts at Moody’s Investors Service.

The average Moody’s loan-to-value ratio for conduit loans is 102.6%, with the agency estimating that loan underwriting quality is at 2005 levels and deteriorating quickly. “The share of loans with IO periods, which....

The content you are trying to view is restricted for Real Estate Finance Intelligence
subscribers.

To continue reading, please log in using the login box in the upper right corner of this page,
 subscribe or take a free trial.

Subscribe

Start your Real Estate Finance Intelligence service today for full access

Subscribe

Free Trial

Not ready to subscribe?

Register today for a free trial.

Free Trial