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
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.

Hotel Loans Lead CMBS Delinquency Lower

CMBS 60-day rate down 18 BPS in December

Jan. 11, 2013

By Mortgage Daily staff

Driven by improvement in the performance of hotel loans, delinquency on securitized commercial real estate loans was lower last month. While multifamily loans were the only category to deteriorate in December, apartment loan delinquency has plummeted more than 400 basis points over the past year.

On loans that are included in commercial mortgage-backed securities, 60-day delinquency was 7.99 percent as of Dec. 31, 2012.

The rate was down from 8.17 percent as of the end of November. It was the seventh consecutive month that CMBS delinquency was lower.

The numbers were delivered Friday by Fitch Ratings and covered performance on securities rated by the New York-based firm.

December's activity reflected $1.7 billion in resolutions and $1 billion in new delinquencies.

Helping to pull down the delinquency rate in December were loans secured by hotels. The past-due rate on hotel CMBS tumbled to 8.87 percent from 9.83 percent in November.

CMBS loans secured by industrial mortgages saw late payments decline to 8.61 percent from 8.88 percent, while office delinquency fell to 8.41 percent from 8.63 percent and the retail rate retreated to 7.14 percent from 7.28 percent.

The only category to deteriorate last month was multifamily, with 60-day delinquency jumping to 10.12 percent from 9.92 percent as of Nov. 30.

In December 2011, overall 60-day CMBS delinquency was 8.37 percent. The rate has fallen 38 basis points since.

Multifamily delinquency has fallen 430 BPS over the past year -- more than any other category. Another big mover was hotel delinquency, which was down 315 BPS.

The only other category with a year-over-year decrease in delinquency, industrial loans, had a 164-basis-point improvement.

Delinquency on office property loans has worsened 157 BPS from the end of 2011, while the rate on retail loans was up 25 BPS.

next story

back to current headlines

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.

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

CRE news
Commercial real estate news and coverage of how commercial real estate impacts the mortgage industry and commercial mortgage-backed securities.

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