The monthly rate of delinquency on securitized commercial real estate loans moved lower and stands 420 basis points below the peak. Multifamily delinquency was lowest — especially apartments located in business districts.

Delinquency of at least 60 days on loans that are part of commercial mortgage-backed securities concluded last year at 5.86 percent.

That’s a far cry from the 10.06 percent peak that was reached in July 2012. It was also a 44-basis-point improvement compared to the preceding month.

Source: Mortgage Daily