Skip to main content

CMBS Delinquency Rate Down for Third Straight Month

Phil Hall
Sep 28, 2017
The outstanding debt on commercial and multifamily mortgages increased by $45.4 billion, or 1.5 percent, to $3.11 trillion in the third quarter from the second quarter

The delinquency rate for commercial mortgage-backed securities (CMBS) decreased this month, marking the third consecutive month of declines, according to data from Trepp LLC.
 
The CMBS delinquency rate for September is 5.40 percent, down four basis points (bps) from August. However, the rate is 62 bps higher on a year-over-year measurement ant 17 bps higher year-to-date. The percentage of loans that are seriously delinquent—defined as being 60 or more days delinquent, in foreclosure, REO, or non-performing balloons—is 5.24 percent, down 11 bps for the month. If defeased loans were taken out of the equation, the overall 30-day delinquency rate would be 5.53 percent, a two bps drop from August.
 
Among property types, the delinquency reading for hotel loans saw the greatest upward movement with a 35 bps rise to 3.84 percent, while the office delinquency rate saw the greatest decline with a 21bps tumble to 7.10 percent.

 
Published
Sep 28, 2017
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021