Servicers of securitized commercial real estate loans issued just prior to the financial crisis have weathered the storm of defaults on maturing loans, as hotel loans led a plunge in delinquency.
The rate of 30-day late payments on loans that are part of commercial mortgage-backed securities concluded this month at 5.21 percent, sinking 19 basis points from the end of September.
CMBS delinquency become more favorable each month since it was 5.75 percent in June 2017. In addition, October 2017’s drop was the second-biggest improvement in 19 months.
Source: Mortgage Daily