70) Over the Past Three Months, How Have the Terms Under Which CMBS Are Funded Changed?| A. Terms for Average Clients | 3. Haircuts. | Answer Type: Tightened Considerably
SFQ70A3TCNR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
10/1/2011 - 4/1/2025
Summary
This trend tracks changes in haircuts for Commercial Mortgage-Backed Securities (CMBS) funding terms over three months. The metric provides insight into lending conditions and risk perception in commercial real estate financing.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The indicator measures how lenders are adjusting risk margins when funding CMBS, reflecting tightening credit conditions. Economists use this metric as a leading indicator of potential stress in commercial real estate and broader financial markets.
Methodology
Data is collected through surveys of financial institutions and lending professionals tracking changes in CMBS funding requirements.
Historical Context
Policymakers and investors use this trend to assess credit market health and potential economic constraints in commercial real estate lending.
Key Facts
- Indicates tightening of lending terms for commercial mortgage-backed securities
- Reflects increased risk perception in commercial real estate markets
- Provides early signal of potential credit market constraints
FAQs
Q: What does a 'haircut' mean in CMBS funding?
A: A haircut represents the difference between the market value of an asset and the amount a lender is willing to fund against that asset, reflecting perceived risk.
Q: Why are CMBS funding terms important?
A: CMBS funding terms impact commercial real estate investment, development, and overall economic liquidity in the property market.
Q: How frequently is this data updated?
A: Typically, this trend is surveyed and updated quarterly by financial institutions and regulatory bodies.
Q: What causes changes in CMBS funding terms?
A: Factors include economic conditions, property market performance, interest rates, and overall financial sector risk perception.
Q: How do tightened CMBS terms affect investors?
A: Tightened terms can increase borrowing costs, reduce available credit, and potentially slow commercial real estate investment and development.
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Citation
U.S. Federal Reserve, 70) Over the Past Three Months, How Have the Terms Under Which CMBS Are Funded Changed?| A. Terms for Average Clients | 3. Haircuts. | Answer Type: Tightened Considerably [SFQ70A3TCNR], retrieved from FRED.
Last Checked: 8/1/2025