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.

CMBS Lates Rise, But Outlook Improves

8.79% CMBS delinquency in December

Jan. 12, 2011

By staff

During December, delinquency on securitized loans backed by commercial real estate moved 16 basis points higher. Poor performance on apartment building loans helped drag down overall performance. But the ratings agency that reported the numbers sees better times ahead.

Delinquency of at least 60 days on loans included in commercial mortgage-backed securities finished last year at 8.79 percent based on Moody's Investors Service's Delinquency Tracker reported today. The rate reflects all loans in U.S. conduit and fusion deals issued since 1998.

The level of late payments represented around $3.7 billion in newly delinquent loans and $2.6 billion in loans that were cured -- bringing the collective portfolio of delinquent CMBS loans to 4,104 mortgages for $54.9 billion.

The resulting CMBS delinquency rate was 16 BPS worse than November.

Compared to a year earlier, delinquency soared 389 BPS. Still, Moody's noted that the rate of increase slowed during the second half of last year.

While the New York-based ratings agency sees further deterioration ahead, with the default rate climbing to between 9.5 percent and 11.0 percent by the end of this year, the pace is expected to be slower than it has been over the past two years as capital markets strengthen and special servicers see less new business.

"The commercial real
estate markets are beginning to show signs of a turnaround," Moody's stated.

Loans secured by hotels saw delinquency fall to 16.37 percent -- the highest rate among all commercial property types -- from 16.42 percent in November.

Multifamily delinquency rose, however, to 14.38 percent last month from November's 13.90 percent. The 46-basis-point increase was more than for other loans types.

Retail property delinquency climbed to 7.44 percent in November from 7.14 percent, while office delinquency edged down to 6.71 percent from October's 6.72 percent. Loans secured by industrial properties saw the rate rise 16 BPS to 6.54 percent.

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