Q1 2024, Commercial Mortgage-Backed Securities (Questions 70-73): 70) Over the past three months, how have the terms under which cmbs are funded changed? | FRED

Commercial Mortgage-Backed Securities (Questions 70-73)

	Number of Respondents
Name	Q1 2024	Q4 2023	Q1 2023
A. Terms for Average Client
1. Maximum amount of funding
Tightened Considerably	1	0	0
Tightened Somewhat	2	2	0
Remained Basically Unchanged	11	14	15
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
2. Maximum maturity
Tightened Considerably	0	0	0
Tightened Somewhat	2	1	1
Remained Basically Unchanged	12	15	14
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
3. Haircuts
Tightened Considerably	0	0	0
Tightened Somewhat	2	2	2
Remained Basically Unchanged	10	13	11
Eased Somewhat	2	1	2
Eased Considerably	0	0	0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably	0	0	0
Tightened Somewhat	3	4	2
Remained Basically Unchanged	7	10	9
Eased Somewhat	4	2	4
Eased Considerably	0	0	0
B. Terms for most favored clients, as a consequence of breadth, duration and/or extent of relationship
1. Maximum amount of funding
Tightened Considerably	1	0	0
Tightened Somewhat	1	2	0
Remained Basically Unchanged	12	14	15
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
2. Maximum maturity
Tightened Considerably	0	0	0
Tightened Somewhat	1	1	0
Remained Basically Unchanged	13	15	15
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
3. Haircuts
Tightened Considerably	0	0	0
Tightened Somewhat	2	2	2
Remained Basically Unchanged	10	12	10
Eased Somewhat	2	2	3
Eased Considerably	0	0	0
4. Collateral spreads over relevant benchmark (effective financing rates)
Tightened Considerably	0	0	0
Tightened Somewhat	3	4	2
Remained Basically Unchanged	8	10	9
Eased Somewhat	3	2	4
Eased Considerably	0	0	0