CMBS Delinquency Rate on the Rise – NMP
Industry News

CMBS Delinquency Rate on the Rise

Mar 02, 2017
The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.31 percent in February

The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.31 percent in February, an increase of 13 basis points from the previous month, according to data from Trepp LLC. The rate is now 116 basis points higher than the year-ago level of 4.15 percent, which was a multi-year low.
 
More than $2.3 billion in loans became newly delinquent last month, which added a 53 basis points force of upward pressure on the delinquency rate. However, more than $850 million in loans were cured last month, which helped to lower delinquencies by 20 basis points.
 
Among the sectors within commercial real estate, the office delinquency rate saw the greatest upward motion with a 54-point spike to 7.65 percent, while the delinquency rate for retail loans plummeted 17 basis points to 5.93 percent. The multifamily delinquency rate slipped by 14 basis points to 2.82 percent, and Trepp added that apartment loans remained the best performing major property type.
About the author
Phil Hall
Link copied
Published
Mar 02, 2017
Get the NMP Daily
Analysis and Data
Bay Area Buyers Bring Bigger Down Payments As AI Wealth Grows

New Realtor.com report suggests AI-driven wealth is reshaping competition for homes across California's most expensive markets

Artificial intelligence may be creating a new class of homebuyers in California — and mortgage professionals are beginning to see the effects.A recent Realtor.com report found that Bay Area homebuyers are continuing to make unusually large down payments even as mortgage rate...

Continue reading
Operations
APM Acquires Synergy One Lending, Forms $14B Lender

The deal marks CEO Dustin Sheppard's first major strategic move since taking the helm at APM in October 2025

On June 5, American Pacific Mortgage (APM) acquired Synergy One Lending (Synergy One), combining two of the top-30 retail lenders in the country, per Modex, to build a national platform “for the next era of retail lending,” according to APM’s press release.Following the deal...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Industry News
Jun 02, 2026
Realtor.com Launches AI Home Search Platform Built With Google

New RealAssist tool combines AI, affordability guidance and Google Maps data to engage buyers before they reach lenders

Industry News
Jun 02, 2026
Another MLS Challenges Zillow In Fight Over Listing Visibility

Realtracs joins MRED in pushing back on Zillow's listing policies, a battle with potential implications for the broader homebuying and mortgage ecosystem

Industry News
May 29, 2026
Gas Prices Are Quietly Reshaping Homebuyer Affordability

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

Industry News
May 28, 2026
MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

Industry News
May 27, 2026
Zillow-Compass Fight Raises Bigger Questions About The Future Of Mortgage Lead Distribution

Legal battle over private listings and MLS access highlights growing competition to control the homebuyer relationship before borrowers reach a loan originator

Industry News
May 21, 2026