6 Essential Lender Insights

Barry Slatt Mortgage recently held its annual Northern California Lender’s Panel luncheon. The event featured influential executives from a variety of lending institutions including UBS, Symetra, StanCorp, and Thrivent Financial for Lutherans. The esteemed guest speakers were peppered with questions about their commercial lending programs, and where they think the market is headed in the year to come. Here are the salient insights borrowers should know about the lending landscape:

1) Interest rates should stay at historic lows for the foreseeable future.

2) There is a scramble to underwrite quality loans in core markets.

3) New lenders are entering the game, increasing competition.

4) Default rates have declined significantly relative to 2009/10.

5) There is extremely high liquidity in the securitization market.

6) The SF Bay Area economy is experiencing frenetic activity.