NEW YORK, NY -- The percentage of loans paying off on their balloon date
slipped noticeably in June to 67.3%, about 10 points lower than the May reading
of 77.1%.
The June payoff percentage was below the 12-month moving
average of 71.7%. This number sums the averages of each month and divides by
12--there was no balance weighting across the months. The highest rate in the
last five years was November 2013 when payoffs totaled 81.3%. (Trepp began
measuring this statistic in August 2008.)
By loan count (as opposed to balance), 74.1% of loans paid
off in June. That was a slight decrease from May's level, as 74.8% paid off on
that basis. The 12-month rolling average by loan count is now 70.8%.
For a complete copy of the company’s news release, please
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