Performance on securitized commercial real estate loans worsened for the second consecutive month, and the outlook is for more deterioration.
As January concluded, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 3.01 percent.
The past-due CMBS rate inched up from 3.00 percent as of year-end 2016. It was the second month in a row that the delinquency rate worsened.
Source: Mortgage Daily