NEW YORK, NY, Feb. 4, 2013 -- Overall resolution volume
dropped slightly in January according to Trepp, but loans resolved with losses
greater than 2% ticked up along with loss severity. January average loss
severity ended up at 44.39%, 733 basis points higher than December’s 37.06%.
January liquidations came in at $1.15 billion relative to
the 12-month moving average of $1.36 billion.
The 158 loan liquidations resulted in $512.3 million in
losses, translating to an average loss severity of 44.39%, above the 12-month
moving average of 40.52%.
Since January 2010, servicers have been liquidating at an
average rate of $1.17 billion per month.
The loan workout pipeline handled less total balance but
more loans, as the number of CMBS conduit loans liquidated in January was 158,
more than the 12-month average of 139. The average size of liquidated loans in
January was $7.31 million, well below December’s $11.14 million and the
12-month average of $9.73 million.
For a complete copy of the company’s news release, please
contact:
Eric R. Gerard
Senior Vice President
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10001
(212) 741-2977
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