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.

Multifamily Performances Drives Up CMBS Delinquency

9.68% delinquency in March

April 4, 2012

By staff

Balloon payments are beginning to take their toll on securitized commercial real estate loans, with delinquency jumping more than 30 basis points last month. Apartment loans were the worst performers, while mortgages on hotels have seen consistent improvement.

Loans included in commercial mortgage-backed securities had a 30-day delinquency rate of 9.68 percent in March. The aggregate principal balance of delinquent CMBS loans was $58.1 billion.

The past-due rate rose from February, when it stood at 9.37 percent.

Trepp LLC, which released the data Monday, said the increase reflected $5 billion in newly delinquent loans, which were partially offset by just $1 billion in loans resolutions.

Trepp previously reported that one-month delinquency on CRE loans was 9.42 percent a year earlier -- the worst on record up to that point.

"We predicted late last year that the delinquency rate would rise largely on the impact of 2007 loans coming due, and today's report underscores that forecast," Trepp Senior Managing Director Manus Clancy said in the report. "After the rate fell nicely in January and February, we were cautiously hopeful that we'd be wrong.

"This month's report shows that the market has a lot of wood to cut and that a rate north of 10 percent can't be ruled out."

Driving last month's deterioration was multifamily loan delinquency, which jumped 74 BPS from February to 15.39 percent.

A 37-basis-point increase was recorded for office property mortgages, which had a rate of 9.41 percent last month.

After that were mortgages secured by retail properties, which increased to 8.24 percent from 8.00 percent in February.

Also increasing were late payments on industrial property loans, with the rate rising 17 BPS to 12.54 percent.

Delinquency on lodging loans, a category that suffered the most with the onset of the recession, was down 42 BPS from February to 10.63 percent. Lodging delinquency has fallen each month since October 2011, when the rate was 14.12 percent.

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