Q1 2025, 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 2025	Q4 2024	Q1 2024
A. Terms for Average Client
1. Maximum amount of funding
Tightened Considerably	0	0	1
Tightened Somewhat	0	0	2
Remained Basically Unchanged	15	16	11
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
2. Maximum maturity
Tightened Considerably	0	0	0
Tightened Somewhat	0	0	2
Remained Basically Unchanged	15	16	12
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
3. Haircuts
Tightened Considerably	0	0	0
Tightened Somewhat	0	0	2
Remained Basically Unchanged	13	15	10
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	0	0	3
Remained Basically Unchanged	12	15	7
Eased Somewhat	3	1	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	0	0	1
Tightened Somewhat	0	0	1
Remained Basically Unchanged	15	16	12
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
2. Maximum maturity
Tightened Considerably	0	0	0
Tightened Somewhat	0	0	1
Remained Basically Unchanged	15	16	13
Eased Somewhat	0	0	0
Eased Considerably	0	0	0
3. Haircuts
Tightened Considerably	0	0	0
Tightened Somewhat	0	0	2
Remained Basically Unchanged	13	15	10
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	0	0	3
Remained Basically Unchanged	12	15	8
Eased Somewhat	3	1	3
Eased Considerably	0	0	0