.
NEW YORK, NY -- According to the
Trepp April Payoff Report, the percentage of loans paying off on their balloon
date registered 64.6%. This was eight points above the March reading of 56.6%.
The rate has now exceeded 60% in six of the past eight months. The
March rate of 64.6% is well above the 12-month moving average of 52.8%.
(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), 73.6% of loans paid off. By
that measure, it was the highest reading since September 2008. The 12-month
rolling average by loan count is now 60.8%.
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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