A tiny decline in the monthly rate of delinquency on securitized commercial real estate loans was enough to take it to a new post-crisis low. Most of the distressed loans are pre-crisis.
As of July 31, delinquency of at least 30 days, including foreclosures and real estate owned, on loans included in commercial mortgage-backed securities was 2.05 percent.
That turned out to be the lowest rate for CMBS delinquency since the financial crisis in 2008. Most of the delinquent loans were closed before 2010.
Source: Mortgage Daily