For the second month in a row, the performance of securitized commercial real estate loans improved. Industrial loans led the decline in late payments.
Loans that were at least 30 days past due accounted for 5.44 percent of all loans that are included in commercial mortgage-backed securities as of August.
The delinquency rate retreated compared to last month, when 5.49 percent of all CMBS loans were past due and the rate plummeted 26 basis points from June.
Source: Mortgage Daily
