Thanks to the COVID crisis, appraisal reductions in commercial MBS are rising rapidly and may be a harbinger of future loan losses, warns Kroll Bond Rating Agency.

The property assessed clean energy ABS issued by Renovate America are “largely insulated” from the company’s financial troubles given its limited involvement in the deals post-issuance, according to KBRA.

On Wednesday, it was bedlam in the nation’s capital. Former Ginnie Mae President Michael Bright and others weighed in.

In December, the capital markets remained receptive to all that nonbanks and REITs had to offer. But will it continue?

Freddie’s green loans have accounted for a cumulative savings of 827 million gallons in water consumed, and more than 152 million kilo-BTUs in energy savings. In raw cash terms, that comes to more than $11 million in savings per (multifamily) loan.

CMBS delinquencies declined by 36 basis points to 7.81% in December, well below the peak of 10.34% in June, according to analytics provider Trepp.

Mike Fratantoni, chief economist at the MBA, said the increase is linked to the rise in COVID-19 infections, a disease that continues to whipsaw the economy.

To be eligible for pooling in Ginnie HMBS, all LIBOR-based HECM loans must close and fund prior to Feb. 1, 2021.

The share of Ginnie Mae loans in forbearance declined as of Dec. 6, but red flags remain as the economy continues to stagger.

Spreads between mortgage rates and interest paid on MBS have fallen to about 75 basis points. The long-term average is closer to 110 bps.