CMBS Delinquency Rate Rises in December – NMP Skip to main content

CMBS Delinquency Rate Rises in December

NationalMortgageProfessional.com
Jan 04, 2012

Trepp LLC, a provider of information, analytics and technology to the commercial mortgage-backed securities (CMBS), commercial real estate and banking markets, has released its December 2011 U.S. CMBS Delinquency Report. The December delinquency rate for U.S. commercial real estate loans in CMBS rose seven basis points to 9.58 percent. After a positive November report that saw the delinquency rate fall 26 basis points, the rate reversed course and moved higher in December for the third time in the last four months and the eighth time in 2011. The value of delinquent loans is now $58.5 billion. “We noted last month that further improvements would be hard to come by," said Manus Clancy, senior managing director of Trepp. "We view this as the first of a six- to 12-month stretch where the rate could increase by 75 basis points in aggregate. This will come as a result of the first wave of 2007 originated loans reaching their balloon dates over the next few months." The multifamily delinquency rate fell 61 basis points in December, but remains the worst performing property type right now, at 15.57 percent. The lodging delinquency rate fell eight basis points to 12.20 percent and was the best performing property type year-over-year. Despite falling 17 basis points, the industrial delinquency rate finished the month at 12.03 percent and was the worst performing sector for 2011. The office delinquency rate rose 21 basis points to 8.97 percent and the retail delinquency rate increased 33 basis points in December, to 7.85 percent.
Published
Jan 04, 2012
loanDepot And mellohome's 'Grand Slam' Experience Builds Momentum

After recently launching Grand Slam, a new buying experience, loadDepot and its sister company, mellohome, has seen more than 1,400 accepted customer offers.

Industry News
Dec 08, 2021
SoCal VA Homes Stresses Importance Of New VA Loan Limits

SoCal VA Homes, a company that works exclusively with active military and Veteran homebuyers, expressed how important the Federal Housing Finance Agency's new conforming loan limit is to the demographic.

Military Lending
Dec 08, 2021
OpenClose Launches Mobile Assist

OpenClose, a fintech provider of mortgage software solutions for banks, credit unions, and mortgage lenders launched its native mobile app platform, Mobile Assist.

Tech
Dec 07, 2021
Deephaven Heightens Foreign National DSCR Program

Deephaven is amping up its Foreign National DSCR Program as a response to the increase in the real estate investment market.

Non-QM
Dec 07, 2021
Revolution Mortgage Opens Second Mortgage Branch In Cincinnati

Columbus, OH-based Revolution Mortgage announced the opening of its second branch in Cincinnati and 14th branch in Ohio.

Industry News
Dec 06, 2021
Nations Lending Teams Up With NBA Legend Dennis Rodman On Integrated Brand Campaign

Nations Lending, a full-service national mortgage lender, announced the launch of its first integrated brand campaign starring NBA Champion and All-Star Dennis Rodman.

Sales and Marketing
Dec 06, 2021