A big drop in late payments on securitized commercial real estate loans left the rate at a more than eight-year low. Hotel loans had the largest decrease.
October 2017 concluded with a 30-day rate of delinquency on loans that are included commercial mortgage-backed securities of 2.68 percent.
It turns out that October’s rate was the lowest delinquency rate for securitized CRE loans since May 2009, when it was previously reported at 2.275 percent.
Source: Mortgage Daily