The rate of late payments on securitized commercial real estate loans declined last month, though there was deterioration on apartment and retail property loans.

On loans that are part of commercial mortgage-backed securities, the rate of 60-day delinquency came to 5.74 percent as of Feb. 28.

CMBS loan performance has improved compared to one month earlier, when the 60-day rate worked out to 5.81 percent.

Source: Mortgage Daily