In this Issue
Commercial Real Estate Outlook
Joseph A. Furlong, VP, Capital Markets Group
John Togneri, Associate, Capital Markets Group
While the economy is expected to continue expanding, the overall pace of GDP growth is projected to be lackluster. With the recovery likely to remain slow in the near term, industrial demand, which depends heavily on rising consumer demand, will continue to improve, but at a measured pace. Read more...
Commercial Servicing Rights Market Update
Daniel Thomas, MD, Client Solutions Group
Market values for Commercial MSRs should be relatively flat in 2012. Forecasts from multiple CMBS research reports are estimating between $40B -$45B of new CMBS issuance in 2012. Read more...
Residential Real Estate Outlook
Bassirou Sarr, Research Analyst, Capital Markets Group
Looking ahead, construction in single family units will decrease while servicers clear the foreclosure inventory. The supply of newly constructed single unit houses will continue to slump while multifamily construction drives the housing starts index. Read more...
Mortgage Servicing Rights Market Update
Robert Lee, Director, Capital Markets Group
Mike Carnes, SVP, Capital Markets Group
Prepayment volatility continues to be a factor as the market gathers new evidence of the regulatory landscape and its impact on markets. Continued debate on housing, delinquency performance and proactive measures to clean up the housing overstock will continue for some time. Read more...
Inside Ginnie Mae® – Interview with Ted Tozer, President
David McCraw, SVP, Client Solutions Group
Ginnie Mae has grown to more than $1 trillion in MBS, assuming a greater role in the secondary mortgage market as Fannie Mae and Freddie Mac regain their footing. Perspectives recently spent time with the Ted Tozer, the leader creating a new path for the agency and the residential market. Read more...
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