Loss Severities Drop; Resolutions Shorten for U.S. CMBS in 2017
Banking & Financial Services / United States / Thu 12 Jul, 2018
Against a backlog of maturing loans from the 2007 vintage, last year yielded a respite for U.S. CMBS loss severities.
CMBS loss severities finished lower as a result of peak vintage maturing loans taking quick trips to special servicing to facilitate refinancing in 2017. Average loss severity for loans experiencing a loss fell substantially to 35