Skip to main content

CMBS Delinquency Rate at Post-Crisis Low

Phil Hall
Aug 06, 2018
The so-called “mandatory inclusion” guideline used by many cities to require a specific amount of affordable units be reserved in new residential developments has hit a major roadblock in Tennessee

 

The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) registered at 3.81 percent, according to new data from Trepp LLC. This represents a 12-basis point decline from the 3.94 percent level in June and a 168-basis point fall from the 5.49 percent level in July 2017, as well as the lowest level recorded since the 2008 recession.
 
Trepp also noted that for the first time since December 2015, apartment loans no longer carried the lowest delinquency rate among the commercial real estate sectors. Instead, the lodging sector snagged that distinction with a July reading of 2.25 percent, slightly better than the multifamily sector rate of 2.35 percent. The retail delinquency rate declined 23 basis points to 5.55 percent, and that sector continues to be the worst performing major property type in terms of delinquencies.
 
The total percentage of CMBS loans that are seriously delinquent is now 3.71 percent, a sharp decline from the 5.49 percent level of one year earlier. If defeased loans were taken out of the equation, the overall 30-day delinquency rate would be 3.94 percent.
 
 
Published
Aug 06, 2018
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
Jan 17, 2022
KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
Jan 17, 2022
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
Jan 13, 2022
Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
Jan 12, 2022
First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022