twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

Office CMBS Performance Deteriorates

Overall CMBS 30-day delinquency rate unchanged in December

Jan. 3, 2013

By Mortgage Daily staff

While delinquency levels were down last month on most types of securitized loans backed by commercial real estate, the past-due rate on office property mortgages jumped 29 basis points and has soared 169 BPS over the past year.

There was no change between November and December in the 30-day delinquency rate on loans included in commercial mortgage-backed securities, which finished 2012 at 9.71 percent. The rate was 2 basis points higher than in October.

Newly delinquent loans totaled $3.2 billion last month, while resolved loans exceeded $1.1 billion.

The 30-day rate for CMBS delinquency was 9.58 percent as of Dec. 31, 2011.

"After months of continued volatility, the delinquency rate for US commercial real estate loans in CMBS has regained some stability," the report from Trepp LLC said. "From early 2012 through the end of the summer, the CMBS delinquency rate bounced around considerably."

At 13.98 percent, delinquency was highest on multifamily CMBS rated by Trepp. But the multifamily rate improved from 14.21 percent as of Nov. 30.

Securitized lodging loans had the next-highest rate at 11.73 percent. Lodging delinquency, however, retreated from 12.24 percent a month earlier.

Industrial CMBS loans fell to 11.24 percent from 11.48 percent in November, and delinquency on retail loans improved 13 BPS to 7.62 percent last month.

But the improvement in all of the other sectors was offset by an increase in delinquency on securitized mortgages backed by office properties. Office delinquency was 10.66 percent, worse than 10.37 percent a month earlier and 8.97 percent a year earlier.

Delinquency could be negatively impacted by the expected refinance of performing CMBS loans.

"While Trepp anticipates the delinquency rate will be steady over the next few months, refinancings are expected to increase as a result of borrowing rates and CMBS spreads being at record lows," the report stated. "Additional refinancing activity will lead to the removal of some performing loans."

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders