Skip to main content

CMBS Delinquency Rate Continues to Plunge

Phil Hall
Jun 05, 2019
Photo credit: Getty Images/NicoElNino

The commercial mortgage-backed securities (CMBS) delinquency rate published by Trepp LLC hit another post-financial cross low in May, falling 16 basis points to 2.66 percent.
The delinquency rate is down 146 basis points from the May 2018 level of 4.12 percent. The rate has fallen in 19 of the last 23 months. Trepp stated the steady declines are occurring because “more troubled loans have been squeezed out of the system and new CMBS issuance remains steady.”
Among property sectors, the lodging delinquency rate fell 13 basis points to 1.42 percent, with Trepp praising this sector as the best performing within commercial real estate. The retail delinquency rate dropped 33 basis points to 4.29 percent, with Trepp identifying this sector as the worst performing within commercial real estate. The multifamily delinquency rate climbed 17 basis points to reach a 2.16 percent level.

Jun 05, 2019
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At

After a rocky market debut, has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023