NEW YORK, NY -- According to the Trepp August Payoff Report,
the percentage of loans paying off on their balloon date registered 72.1% last
month. This is down two points from 74.1% in July, which was the highest
reading in almost five years. August's rate is the second highest level during
that time period.
At 72.1%, the August payoff percentage is well above the
12-month moving average of 63.3%. (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), 72.2% of loans paid off. The 12-month rolling
average by loan count is now 65.1%.
The recent trend of higher payoff rates over the last few
months, especially relative to 2012, is not surprising. In 2012, many of the
maturing loans were five-year balloons from the 2007 vintage. The majority of
loans reaching their maturity now are 10-year balloons that were originated in
2003.
. For a complete
copy of the company’s news release, please contact:
No comments:
Post a Comment