NEW YORK, NY -- The percentage of loans paying off on
their balloon date was 71.3% in January, according to Trepp.
This was the second straight month in which the rate
declined--from 76.5% in December and 81.3% in November. The latter was the
highest rate in the last five years. Trepp began measuring this statistic
August 2008.
The January payoff percentage is slightly above the
12-month moving average of 68.3%. 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), 63.2% of loans
paid off in January. This was also a decline, from a rate of 74.6% in December.
The 12-month rolling average on this basis is now 69.1%.
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