|
|
|
|
Complete list of specialty news sections.
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
|
Aided by Hotel and Industrial Loans, CMBS Lates Fall
August CMBS delinquency down 10 BPS from July
Sept. 9, 2013
By Mortgage Daily staff
|
Monthly delinquency on securitized commercial real estate loans was lower, with loans secured by lodging and industrial properties turning in the most improved performance.
A 10-basis-point decline from a month earlier in delinquency on loans included in commercial mortgage-backed securities left the 30-day rate at 8.38 percent as of Aug. 31.
It was the third consecutive month that CMBS delinquency has improved and the lowest 30-day rate in three years.
CMBS delinquency has plunged from the same month in 2013, when the 30-day rate was 10.13 percent.
The statistics were based on $45.5 billion in delinquent CMBS loans rated by Trepp LLC.
The ratings agency noted that $2.5 billion in new delinquencies more than offset the $1.5 billion in cured loans and $1 billion in loan resolutions. In addition, nearly $0.5 billion in previously delinquent loans were paid off without a loss.
Lodging loans provided the most support for last month's decline, with the delinquency rate tumbling 44 BPS from July to 9.03 percent.
Also having a favorable impact on August delinquency were loans secured by industrial properties, with the 30-day rate dropping 29 BPS to 11.51 percent.
Loans on retail properties had a 6.76 percent 30-day rate, 26 BPS below the July rate.
Multifamily delinquency fell 13 BPS to 11.14 percent last month.
The only property category to deteriorate was office, with 30-day loan delinquency rising 9 BPS from July to 9.60 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.
|
|
|