Trepp released its Q3 2022 bank CRE loan performance report, built on the examination of trends in Trepp's Anonymized Loan-Level Repository (T-ALLR) data set. Trepp's report found that conditions are still stable but there are still areas of concern.
NEW YORK , Dec. 21, 2022 /PRNewswire-PRWeb/ -- Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets has released the third quarter 2022 bank CRE loan performance report using its loan-level, anonymized bank data. The findings show improvement, but some areas of pause for market participants. Instantly download the report here: https://www.trepp.com/tallr-q3-2022-report-ri
Using Trepp's Anonymized Loan-Level Repository (T-ALLR) data set, the analysis looks at bank loan distress in the third quarter. The T-ALLR data is comprised of bank balance sheet loan data, a diverse set of loans totaling over $180 billion sourced from multiple banks.
Bank commercial real estate delinquency rates improved in the third quarter, with declines in all the major property types. Origination volume was strong, despite pockets of concern – mainly in urban office and Midwest retail.
"The impact of high-interest rates is not yet obvious – in both CRE loan performance and the pace of originations," said Matthew Anderson, Trepp Managing Director. "Nevertheless, price appreciation has slowed recently, and with recession fears looming, performance in the quarters ahead may not be as strong."
CRE mortgage delinquencies fell in the third quarter, resuming the recovery that began in Q1 2021. There had been a slight uptick in delinquencies in the first quarter of 2022 – due to higher office delinquencies – but the recovery has resumed in the second and third quarters. The overall CRE delinquency rate is now 0.70%, about on par with the 0.76% delinquency rate seen in Q1 2020, as the Covid-pandemic was starting.
For more information, and to see the full report including data on delinquent and noncurrent loans, distress rates by property type, criticized loans by region, and commercial mortgage origination volume, click here: https://www.trepp.com/tallr-q3-2022-report-ri
Contact Trepp at [email protected] or 212.754.1010 and visit http://www.Trepp.com for more information.
About T-ALLR
The Trepp Anonymized Loan Level Repository (T-ALLR) provides banks with loan-level anonymized and summary data for CCAR, DFAST, and other PD, LGD, and benchmarking model development. The T-ALLR Data Feed is derived from data that is contributed by participant banks.
About Trepp
Trepp, founded in 1979, is the leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase operational efficiencies, information transparency, and investment performance. From its offices in New York, Dallas, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets. Trepp is wholly owned by Daily Mail and General Trust (DMGT).
Media Contact
Riley Cox, Trepp Inc., 2127541010, [email protected]
SOURCE Trepp Inc.
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