Since MIX values 50% of properties every 12 months, it would mean that it has barely caught an upswing in valuations that really kicked in in the last 3 months in the USA.
I expect next round of revaluations to show a gain of 10-20% (hopefully).
The problem is of course CBMS1 and uncertainty surrounding it. Does anyone know why would special servicer NOT impose 5% default interest surcharge? Surely they would if they could? Any experts?
MIX Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
