Report Points to Increased Appetite for Distressed Commercial Real Estate Supported by Low Borrowing Costs in 2012 and 2013; CMBS Delinquency Rate Falls Below 10%


San Francisco, CA (PRWEB) October 23, 2012

There is a change in the U.S. commercial mortgage-backed securities (CMBS) industry. The U.S. CMBS Delinquency Report, released by the New York-based research and consulting firm Trepp, indicates that the distressed commercial real estate industry is in somewhat better health.”The CMBS market is on its firmest footing in four years,” said Manus Clancy, senior managing director of Trepp. In fact, the delinquency rate for CMBS loans fell 14 basis points to 9.99% in September. This brings the rate below 10% for the first time since April.

The Trepp report says that CMBS issuance levels rose, and delinquency levels have contracted. Trepp, LLC, is a leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets,

However, bad debt and matured loans still linger, and need to be cleared out of the system or be reworked. Trepp reports that there were around $ 3.3 billion of newly delinquent loans in September. The addition of these loans to the delinquent loan category provided upward pressure on the rate. With the same amount of newly delinquent loans in August, the effect on the rate was similar.

Trepp reports that the appetite for distressed real estate remains high among investors, while borrowing costs remain extremely low. This should allow special servicers to operate at a high speed for the foreseeable future. The CMBS new issuance market has also seen a resurgence over the last three months, leading the market to raise its expectations for securitization volume over the next six months. As new deals tend to perform extremely well, they should help to dilute the bad legacy loans that still exist.

Clearly, the chance to buy distressed commercial real estate at low prices is here, and the moment for entry into the market is now, as competition for available assets will only become steeper in the near future. To get the best of the distressed commercial market, however, analysts say that buyers need to reach out directly to sellers and to negotiate person-to-person, or use a specialist like Genesis Capital. Even at this point in the cycle, owners are finding it hard to accept the lower valuations that the post-crisis period has brought in. Experienced negotiators can get past this psychological obstacle.

About Genesis Capital

Genesis Capital provides a unique forum for distressed and off market assets. Genesis sources off market assets from private clients and from banks for opportunity buyers. Assets may or may not be distressed, but they are always off market. Genesis works principal to principal only (no brokers) and keeps fees low.







Find More Loans For Real Estate Investors Press Releases

Audit the Fed: By Ron Paul, Supported By Mitt Romney and Harry Reid On The Fence: Success Council Slams Harry Reid With Newly Released Video


San Diego, CA (PRWEB) October 12, 2012

Audit the Fed is an idea first introduced by former presidential candidate Ron Paul. When Ron Paul dropped out of the presidential candidacy, Mitt Romney began supporting the Audit the Fed bill in an attempt to pick up some Ron Paul supporters.

Audit the Fed Bill passed the House in July, and now is being stopped from a meaningful vote in the Senate by Harry Reid, who previously was an adamant supporter of the Bill. But why?

Online commentator and libertarian advocate, http://www.SuccessCouncil.com, reacts with a strong online video response slamming Reid for being a hypocrite. In the video, Success Council makes the argument for the Audit the Fed bill and explains Harry Reids hypocritical statements.????????

To watch the full video, visit: http://www.youtube.com/watch?v=Xvd5xFSwKcg&feature=share&list=PL1zCD-urlm3jUAE-MpWaP_PyOx7CncHQB

HR 459, the Federal Reserve Transparency Act of 2012, is the Bill to Audit the Fed. Introduced by Congressman Ron Paul, the Audit the Fed Act hopes to audit the printing of money and the manner in which loans are made to a bank. The Audit the Fed Bill also plans to audit the Board of Governors of the Federal Reserve System and the Federal reserve banks. HR 459.

More specifically, the Audit the Fed bill will require the Comptroller General of the United States to conduct an audit of the review of loan files of homeowners in foreclosure in 2009 or 2010.

The audit will consider the Board of Governors and other consultants’ advise to the banking system when considering loans. It will also take into account the financial devastation of homeowners.

Ben Bernake, chairman of the Fed, doesnt want the Audit, and has said, We think we are quite transparent My concern about the legislation is that if the GAO is auditing not only the operation aspects of the programs and the details of the programs but making judgments about our policy decisions, would effectively be a takeover of policy by the Congress and a repudiation of the independence of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.

Of course, the Libertarian view is exactly the opposite, and on the floor of the House Financial Services Committee Ron Paul (Audit the Feds author) said, Transparency in monetary policy is a goal we should all support. He went on to point out that, The dollar today is only worth .4 cents compared to the dollar the Fed started with in 1913.

The Bill has been proposed in every session of Congress in the last decade. On July 25, 2012, the bill passed in the House 327 for, 98 against. The Bill will move onto the Senate, where Harry Reid is the Senate majority leader.

Considering the overwhelming pass of the Bill in the House, and the fact that Mitt Romney also supports the Bill, you would think Harry Reid would agree. And, in fact, seventeen years ago, on Jan. 23, 1995, Harry Reid stated, I have sponsored legislation that would call for an audit of the Federal Reserve System. I think we should audit the Federal Reserve. There is no entity in the world that controls our lives more than the Federal Reserve System.

Senate Majority Leader refuses now to put it to an up or down vote on the Senate Floor. This has spawned a very strong response from http://www.SuccessCouncil.com, where they recently released this video: http://www.youtube.com/watch?v=Xvd5xFSwKcg&feature=share&list=PL1zCD-urlm3jUAE-MpWaP_PyOx7CncHQB????

The video has an incredibly strong call to action, and is becoming a viral slap of the Senate Leaders face. Success Council maintains its position that the Fed should be audited, and that the vote should be put to the Senate for a yes/no vote.

To find out more about Success Council and to attend a free webinar teaching you how to profit and prosper from the upcoming economic crash, visit: http://successcouncil.com/

About Success Council:

Success Council was founded in 2012, with the goal of teaching people how to protect their assets and profit from the greatest wealth transfer in history. Their mission is to: 1) Educate 10 million people through their online interactive training events; 2) Make 100,000 families wealthy through the information contained in their Members Area; 3) Create 5,000 leaders armed with the knowledge, skills and resources based on the fundamentals of liberty; and the ultimate goal, is to 4) Create One Free Society.????

Company Contact Information:

Success Council

(310) 622-9925

support(at)SuccessCouncil(dot)com