NEW YORK, NY -- According to the Trepp January Payoff
Report, the percentage of loans paying off on their balloon date has exceeded
60% for the fourth time in the last five months.
In January, 66.9% of loans reaching their balloon date paid
off--an increase of more than 12 percentage points from the December reading.
The total was also the second highest total over the last four years. Only
September's 68.2% reading was higher.
The January rate of 66.9% is well above the 12-month moving
average of 49.2%. (This number sums the averages of each month and divides by
12, there was no balance weighting across the months.)
By loan count (as opposed to balance), 62.6% of loans paid
off. The 12-month rolling average on this basis is now 57.9%.
Above centered chart shows the data for the last 54 months.
The second column
shows the percentage of loans (by balance) that paid off in the month of the
maturity date. The third and fourth column contain the percentages that paid
off (again by balance) after three months and six months, respectively.
(After three 3
months, the percentage of loans that payoff really starts to level off.) In the
last column are the percentage of loans, by count, that paid off in the balloon
month.
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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