Don’t expect mortgage relief
on the commercial side. Don’t expect the terms we saw from conduit lender to creep back in the face of recent falling interest rates. One of my clients tells me that he’s buying pools of commercial loans at 75 cents on the dollar. There are floors on conduit lender rates to ensure a profit. Interest only of more than a year or two is a thing of the past. 80% loan to value is hard to find. Things are different in the world of residential mortgages, where we are back down to four year lows (excepting subprime which is on life support!)
Tags: mortgages