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 Lates Defy CMBS Performance

CMBS delinquency 9.18% in February

March 15, 2011

By staff

Although the performance of securitized commercial mortgages backed by hotels has the highest delinquency rate of all categories, hotel loans saw a drop in delinquency. But the story was different for most other types of commercial real estate issuances.

The rate of delinquency on commercial mortgages included in commercial mortgage-backed securities was 9.18 percent during February, based on Moody's Investors Service's Delinquency Tracker. Last month's delinquency reflected 4,112 loans for $56.8 billion.

Loans that became newly delinquent last month amounted to $4.1 billion, while $3.0 billion in previously delinquent loans were cured.

The report reflects data from loans in conduit-fusion transactions that were securitized since 1998.

The prior month's default rate was lower at 9.01 percent, while CMBS delinquency stood at just 5.73 percent in February 2010.

Moody's Director of Commercial Real Estate Research Tad Philipp noted in the report that further deterioration can be expected based on a specially serviced loan rate that is 3.3 percent above the delinquent loan rate.

By sector, loans backed by hotels had the highest delinquency: 16.41 percent. But that was an improvement from 16.75 percent in January and only the third time in two years that the hotel rate was lower.

Not far behind was multifamily delinquency, which jumped 33 basis points to 15.92 percent in February.

Late payments on industrial property loans jumped more than any other sector -- 113 BPS -- to end last month at 10.26 percent.

Like hotel loans, retail property delinquency was lower -- easing 2 BPS to 7.25 percent.

Delinquency on mortgages financing office properties was 6.77 percent, up from 6.43 percent the month before. Still, office delinquency was the lowest of all CMBS types.

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