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.

Commercial Delinquency Worse

9.01% CMBS delinquency in January

Feb. 15, 2011

By staff

Commercial delinquency turned in a mixed performance last month. Overall delinquency on loans in commercial mortgage-backed securities climbed to a record high and defaults on industrial properties were more than 250 basis points worse. But loans secured by office and retail properties saw an improvement.

Late payments on securitized commercial mortgages were worse in January, rising to 9.01 percent from 8.79 percent in December, according to Moody's Investors Service's Delinquency Tracker. It was the first time ever that the rate exceeded 9 percent.

The data reflect all loans in conduit and fusion deals issued after 1997.

In January 2010, the rate of late payments was only 5.42 percent.

"Moody's expects the delinquency rate to continue rising in 2011, but at a slower pace than it has over the past two years, reflecting early signs of a gradual turnaround in commercial real estate markets
," the report said.

Last month's activity reflected $4.4 billion in newly delinquent loans and $3.6 billion in delinquent loans that were cured. After the dust settled, 4,052 loans for $55.7 billion remained delinquent in January.

Among property types, hotels had the highest rate of delinquency: 16.75 percent. Hotel lates were up 38 BPS from December.

Multifamily delinquency was 15.59 percent last month, up 121 BPS.

The 259-basis-point delinquency surge in loans secured by industrial properties was the worst of all property types. Industrial delinquency moved from 6.54 percent in December to 9.13 percent.

Next were retail properties, which saw delinquency fall for the first time in nearly a year to 7.27 percent from 7.44 percent.

Also lower was office property delinquency, which was lower for the third time in four months. The rate dropped 28 BPS to 6.43 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