Review Mortgage Lenders

Total Mortgage

Iceland forgives mortgage debt of its population. (May 8, 2012) Total Media Blackout

Published on Apr 12, 2012 by telesurenglish The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose ...

CMBS delinquencies continue descending at start of year: Fitch

December's new issuance volume of $6.4 billion, which was more than double the $3.1 billion in portfolio runoff, pushed up the overall index denominator, according to Fitch. New delinquencies totaled $152 million in January, which was strongly outpaced by a total resolution volume of $554 million.

About 60% of last month's total resolution volume came from CMBS real estate owned dispositions.

All commercial property types saw delinquencies decline in January. At 4.79%, the retail delinquency rate was the highest of all commercial property types, followed by the rate of late payments on office properties, which was 2.59%.

The retail delinquency rate did fall 26 basis points as total resolutions of $261 million were more than three times as high as the new delinquency amount of $77 million, according to Fitch. Regional mall loans and assets in particular realized the largest resolution and new delinquency rate in January.

The delinquency rate for mixed-use properties fell from 2.22% to 1.68%, while the rate for hotel properties ticked down from 1.59% to 1.58% month-over-month. The delinquency rate for industrial properties dropped from 1.24% to 0.98%, and multifamily property types saw their delinquency rates dip down 2 basis points to 0.5%.

What would be the total monthly mortgage on a new 4 bedroom home in the Poconos?

The home building company advertises a $230,000 home w/ $1,190 monthly mortgage for principle & interest only. The down payment requested is $8,047. What should I expect my monthly mortgage to be? Thank You!

Do you mean the $1190 is before or after the down payment?

Scenario A. $230,000 mortgage @1190/mo = interest rate of 4.68%

Scenario B $230,000 - $8047 = $221,953
$221,953 mortgage @ 4.68% = $1148.47/mo mortgage payment.