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.

Delinquency on Apartment Loans Leads Overall CMBS Rate Lower

30-day CMBS delinquency down 14 BPS in January

Feb. 1, 2013

By Mortgage Daily staff

A healthy improvement in the performance of securitized commercial real estate loans backed by apartment buildings helped the overall delinquency rate ease. Performance on retail property loans suffered a setback.

The 30-day delinquency rate on all types of commercial mortgage-backed securities was 9.57 percent as of Jan. 31. Last month's delinquency rate was the lowest since February 2012, when it came in at a revised 9.38 percent.

January's rate reflected more than $1.2 billion in loan resolutions and $2.8 billion in newly delinquent loans.

The performance report from Trepp LLC said that past-due payments improved from a month earlier, when the CMBS rate was 9.71 percent. 

But delinquency was worse than 9.52 percent as of Jan. 31, 2012.

Leading the decline in January were multifamily loans, with past-due payments falling to 13.43 percent from 13.98 percent. Delinquency on multifamily CMBS has tumbled from 15.39 percent at the same point last year.

Late payments on office building loans dropped to 10.48 percent from 10.66 percent in December. But office delinquency has worsened from 8.90 percent a year prior.

CMBS loans secured by lodging properties had a delinquency rate of 11.77 percent in January, worse than 11.73 percent a month earlier. But lodging delinquency was better than 12.09 percent in January 2012.

Loans against industrial properties were the next-worse performer, with the 30-day rate rising to 11.32 percent from 11.24 percent. Industrial delinquency, however, was better than 12.14 percent in the same month during the prior year.

Putting in the worst performance were loans secured by retail properties. The delinquency rate shot up 17 basis points from the end of 2012 to 7.79 percent. Retail delinquency, however, still sits below the 7.88 rate as of 12 months earlier.

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