Sentiment sets the weather.
We name the storms.
Every quarter, the industry surveys its own mood — hundreds of investors rating how they feel and what they expect. Verstavo reads the disclosed record underneath it. Same market: one tells you the temperature of the room, the other tells you which loans are actually breaking.
Sentiment surveys
Industry fear & greed indices, and their kind
One number for the whole industry — can read “slightly greedy” even while most investors sit frozen on the sidelines. Paralysis rounds up toward optimism.
What investors say they feel — a quarterly read on the crowd's mood, priced in hindsight.
- survey
- self-reported
- quarterly
- opt-in sample
- one number
Tells you the crowd is frozen and afraid.
Verstavo
Credit surveillance for CRE
representative · scored loan by loan
What the filings show is happening — the specific loans, scored and ranked, at the maturity seam. Before the mood prices it.
- loan-level
- public filings
- continuous
- no marks
- full population
Tells you which loans are actually breaking.
- Investors name a coming multifamily maturity wall — a calendar we already resolve to the loan and the month.
- They admit debt funds are slow to recognize losses — the extend-and-pretend we surface in modifications and special servicing.
- They concede values already fell; the marks are just “catching up.” That lag is the gap we close now.
The distance between the mood and the record is the signal. When they diverge, you're early and the market's late — and the divergence itself is the thing worth acting on.
Stop reading the mood. Start reading the record.
The filings are public; the read isn't. Start with the free market view, or see what the loan-level microscope unlocks.