Finance Midwest
CMBS delinquency hits all-time high

CMBS delinquency hits all-time high

In July, the delinquency rate for U.S. commercial real estate loans in CMBS shot up 51 basis points to 9.88 percent. This is the highest delinquency rate in the history of the CMBS market. The spike comes after two consecutive drops in the rate for May and June, which was the first back-to-back monthly drop since the credit crisis began in 2008.

Finance Midwest

Walker & Dunlop announces co-heads of FHA Finance division

Walker & Dunlop has announced that Michelle M. Warner and Edward Q. Williams have been named co-heads of the Company’s FHA Finance division and will be responsible for all aspects of Walker & Dunlop’s FHA Finance program. Ms. Warner joins the Company from Deutsche Bank Berkshire Mortgage, while Mr. Williams has been promoted into his new role.