Past due payments on securitized commercial real estate loans turned lower as the wall of maturities subsided. The improvement was led by industrial loans.

The rate of 30-day delinquency on loans that are contained in commercial mortgage-backed securities wound up at 3.04 percent as of the end of July.

That was a 15-basis-point improvement over the previous month. Compared to the same month last year, CMBS delinquency has fallen 8 BPS.

Source: Mortgage Daily