CMBS Delinquency Rate Hit Another Post-Crisis Low – NMP Skip to main content

CMBS Delinquency Rate Hit Another Post-Crisis Low

Phil Hall
Oct 01, 2018
The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) dropped again in September and created another post-crisis low, according to new data from Trepp LLC

The delinquency rate for commercial real estate loans in commercial mortgage-backed securities (CMBS) dropped again in September and created another post-crisis low, according to new data from Trepp LLC. This represents the sixth consecutive month of declines, and September's drop was the biggest in four months and the third-largest this year.
 
The overall delinquency rate is now 3.41 percent, a decrease of 23 basis points from the August level of 3.64 percent, which was the previous post-crisis low. The September rate is 199 basis points lower than the year-ago level of 5.40 percent. Year-to-date, the rate has fallen 148 basis points.
 
Among the property types within the sector, the multifamily delinquency rate dropped 12 basis points to 1.95 percent, leading Trepp to dub multifamily as the best performing major property type. The retail delinquency reading fell by 46 basis points to 5.01 percent, but Trepp considered retail as the worst performing major property type.

 
Published
Oct 01, 2018
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022
Open Mortgage Appoints New Chief Financial Officer

Anthony Nolte, Open Mortgage's CFO since 2019, will transition to chief legal officer.

Industry News
May 17, 2022
Online Brokerage REX Pursues Litigation Against Zillow & NAR

The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.

Industry News
May 16, 2022
Fannie Mae Seeks Innovative Housing Ideas

Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.

Industry News
May 16, 2022