Skip to main content

CMBS Delinquency Rate Up in April

Phil Hall
May 01, 2017
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.52 percent in April, according to new data from Trepp LLC

The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.52 percent in April, according to new data from Trepp LLC. This marks an increase of 15 basis points (bps) from March and a 129 bps spike from one year earlier.
 
Trepp noted that nearly $2.5 billion in loans became newly delinquent last month, which put 58 bps of upward pressure on the delinquency rate. However, nearly $800 million in loans were cured last month, which helped push delinquencies lower by 19 bps, while nearly $864 million in CMBS loans that were previously delinquent were resolved with a loss or at par in April, which helped to move the delinquency rate down by 20 bps.
 
Delinquency rates for four of the five major property types increased in April, with only the lodging sector reporting a declining rate. The multifamily delinquency rate inched up six basis points to 2.66 percent, but Trepp added that apartment loans remained the best performing major property type during last month.

 
Published
May 01, 2017
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021