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.

Office Loans Push Up CMBS Delinquency

30-day rate increases 12 BPS

May 2, 2012

By staff

Only one category of commercial real estate saw an increase in delinquency last month. But the degree of deterioration in that category was enough to hurt the overall level of delinquency on securitized commercial real estate loans.

The rate of 30-day delinquency on loans included in commercial mortgage-backed securities was 9.80 percent during April.

Late payments worsened from March, when past-due CRE loans accounted for 9.68 percent of all CMBS.

In April 2011, CMBS delinquency was 9.65 percent.

The increase in delinquency was no surprise according to Manus Clancy, a senior managing director at the firm that published the report, Trepp LLC.

"With the 2007 five-year loans reaching their maturity, we expected that many would find refinancing hard to come by," Clancy said. "The good news is that the 2007 originations were heavily weighted toward the first half of the year.

"While the next few months could be bumpy, there should be sunnier skies for the delinquency rate later in the year."

As the end of last month, $59.3 billion in CMBS loans were delinquent, growing from $58.1 billion a month earlier. The latest total reflected $3.8 billion in mortgages that became newly delinquent partially offset by $1.4 billion in loan resolutions.

The biggest impact on performance deterioration came from mortgages secured by office properties, which saw 30-day delinquency increase 82 basis points from March to 10.23 percent -- an all-time high.

All other property categories were down.

Multifamily loans had a 15.18 percent rate, the highest of any category but lower than 15.39 percent a month earlier.

Industrial property loan delinquency fell to 12.36 percent from 12.54 percent, while the rate on lodging loans declined to 10.55 percent from 10.63 percent and the retail rate dropped to 7.98 percent from 8.24 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