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 Delinquency Leads CMBS Deterioration

9.88% CMBS delinquency in July

Aug. 2, 2011

By staff

An increase of more than 100 basis points in the delinquency rate on securitized lodging loans helped fuel deterioration in overall commercial-mortgage backed securities performance. The bad news comes as secondary market conditions have worsened over the past couple months. But one category had an improvement of more than 50 BPS.

Delinquency of at least 30 days, including foreclosures, on securitized commercial real estate loans was reported by Trepp LLC at 9.88 percent during July. It was the highest CMBS rate on record.

The amount of delinquent CRE loans was more than $61.3 billion.

Late payments were 9.37 percent in June, when $59.3 billion in commercial mortgages were delinquent. That month, delinquency had improved by 23 BPS from May.

The 51-basis-point rise between June and July was the biggest increase of the year.

"Much of the positive momentum that had been surrounding the CMBS market recently has now all but vanished in the past few weeks," Trepp Managing Director Manus Clancy said in a statement Tuesday. "For the better part of the spring, the market was riding a wave of spread tightening, resulting in new issuance and falling delinquency levels.

"However, each of those positive reactions has taken a turn for the worse in the last two months."

CMBS comprised of multifamily mortgages had a rate of 16.94 percent, 46 BPS worse than the previous month and the highest of any category.

Lodging mortgages erased much of the 150 BPS improvement made during June, climbing to 15.04 percent in July from 13.87 percent a month earlier.

CMBS with loans secured by industrial properties was the only category to show an improvement. At 11.09 percent, industrial delinquency was down 59 BPS from June.

CMBS with office mortgages deteriorated by 82 BPS to 8.17 percent. Office loans were the only group to see deterioration a month earlier.

At 7.85 percent, the delinquency rate on retail properties was 3 BPS above May's level. But, despite the minor bump, retail delinquency was still the "best performing property type."

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.

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

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