CMBS Delinquency Rate at New Post-Crisis Low – NMP Skip to main content

CMBS Delinquency Rate at New Post-Crisis Low

Dec 03, 2018
The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November

The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November, down 3.42 percent in October and down from 5.18 percent from one year ago, according to new data from Trepp LLC.
 
The November rate also reached a new low for period after the Great Recession—the previous low of 3.41 percent was set in September. The rate has now dropped in 15 of the 17 months from July 2017 to November 2018, rising only in April and October of this year.
 
Among property types, the lodging delinquency reading slid five basis points lower to 1.93 percent, and Trepp credited this sector as best performing major property type for November. The multifamily sector, which has been the best performer for most of this year, saw its delinquency rate climb by 16 basis points to 2.04 percent. The retail delinquency rate fell nine basis points to 5.30 percent and was identified by Trepp as the worst performing major property type.

 
About the author
Published
Dec 03, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026