|
|
|
|
|
|
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.
|
|
|
|
|
|
|
| CMBS Delinquency at Lowest Level in Over 3 Years
30-day rate down 16 BPS in October
Nov. 8, 2013
By Mortgage Daily staff
|
For the first time in more than three years, the rate of delinquency on securitized commercial real estate loans has declined below 8 percent. Helping the latest improvement were mortgages backed by industrial properties.
The rate of 30-day delinquency on loans included in commercial mortgage-backed securities was 7.98 percent in October, Trepp LLC reported.
It was the first time since early 2010 that CMBS delinquency has been less than 8.00 percent.
Delinquency was down for the fifth consecutive month from 8.14 percent the prior month and 9.69 percent one year prior.
The biggest decline from September -- 28 basis points -- was with industrial property loans, which had an 11.31 percent delinquency rate last month.
Loans secured by office properties saw delinquency drop 24 BPS to 9.07 percent in October.
After that were mortgages secured by lodging properties, with delinquency down 21 BPS from September to 8.94 percent.
A 16-basis-point improvement left the retail loan delinquency rate at 6.34 percent in October.
Thirty-day delinquency on multifamily loans fell 11 BPS to 11.02 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.
|
|
|
