Conduit Lending Picks Up
June 1, 2016
The conduit market is slowly regaining its footing. The spate of well-received bond offerings in recent weeks is giving conduit originators the flexibility—and the courage—to offer loan rates that are more competitive with those of balance-sheet lenders.
As a result, conduit shops are now receiving more inquiries from prospective borrowers, putting more loans under application and, most importantly , closing more loans.
“I don’t hear anybody saying their pipelines are bursting yet,” said one longtime originator, “but nearly everybody is saying their business has picked up. The mood has improved all around.”
(via CMA)