Skip to main content

CMBS Delinquency Rate Down for Fifth Consecutive Month

Dec 05, 2017
Moody’s Analytics has launched the Real Estate Information Services (REIS) Network

The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) was 5.18 percent in November, down three basis points from October, marking the fifth straight month in which the reading has dropped, according to new data from Trepp LLC. This five-month winning streak is the second-longest measured in the last eight years. One year ago, the delinquency rate was 5.03 percent.
 
The percentage of loans that are seriously delinquent was 5.01 percent in November, down 11 basis points for the month. If defeased loans were taken out of the equation, the overall 30-day delinquency rate would be 5.30 percent, a four-basis-point drop from the previous month.
 
Among property types, the multifamily delinquency rate dropped 27 basis points to 2.71 percent, and Trepp stated that apartment loans were the best performing major property type for the month. 

 
About the author
Published
Dec 05, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024