The performance of securitized commercial real estate loans was slightly worse, though the outlook is stable. But late payments on industrial property loans soared.
Delinquency on loans that are part of commercial mortgage-backed securities of at least 30 days, including foreclosures, concluded March 2017 at 3.05 percent.
That turned out to be just a basis point more than at the end of the previous month. Still, it was the fourth consecutive month that CMBS delinquency deteriorated.
Source: Mortgage Daily