Skip to main content

CMBS Delinquency Rate Hit Another Post-Crisis Low

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.

 
About the author
Published
Oct 01, 2018
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025
OCMBC President Arrested For DUI, Murder

Serene Vernon (Rosenberg) had three prior convictions, per a police report

Feb 02, 2025
Trump Fires CFPB Director Chopra

Chopra posts a letter to X with his final statements

American Heritage Lending Halts Funding Loans In Maryland

AHL suspended the ability to lock new consumer loans in Maryland, effective immediately

Jan 31, 2025
Katie Sweeney Joins Rocket Pro To Lead Broker Strategy, Advocacy

The former AIME chairwoman and CEO asks the broker community, particularly Rocket Pro’s brokers, to trust her. 

Jan 29, 2025