Skip to main content

Trepp Reports CMBS Delinquency Rate Declines in March
Apr 05, 2011

Trepp LLC, a provider of commercial mortgage-backed securities (CMBS) and commercial mortgage information, analytics and technology to the global securities and investment management industry, has released its March 2011 U.S. CMBS Delinquency Report, which finds that the delinquency rate rose again in March with the percentage of loans 30-plus days delinquent, in foreclosure or REO climbing three basis points to 9.42 percent. Trepp reports that this is the highest in history for U.S. commercial real estate loans in CMBS. This month-over-month increase, however, is smaller than February’s increase and is one of the smallest increases since the beginning of the credit crisis over two years ago. The value of delinquent loans now exceeds $61.5 billion. The Lodging and Office Sectors boosted the overall delinquency rate in March by increasing 136 and three basis points respectively. The Multifamily Sector improved by 40 basis points, yet remained the worst performing property type, while the retail and industrial sectors also improved by nine and 19 basis points, respectively.   “For the second straight month, we've seen the delinquency rate increase in the low single digits. These are some of the best readings we've seen since the credit crisis began,” said Manus Clancy, managing director of Trepp. “We believe that the overall delinquency rate will continue to rise over the next six months, but at a pace similar to what we've seen recently, not the 40 basis point jumps that we saw in 2009 and early 2010. You cannot discount entirely, however, the possibility that we see the rate decline slightly in one of these months.”
Apr 05, 2011
CHLA Advocates Attorney Opinion Letters As Alternatives To Title Insurance

CHLA asks FHFA to explore use of the letters.

Dec 06, 2023
Helping the H.E.L.P.E.R.s

Federal bill poised to open up market to more teachers, first responders

Dec 01, 2023
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023