While there was little change in performance on commercial real estate loans owned by life insurers, securitized CRE loan delinquency plunged. The rates were mixed for loans backed by the government-sponsored enterprises.
On loans that are included in commercial mortgage-backed securities, delinquency of at least 30 days, including real estate owned, closed out last year at 4.08 percent.
That turned out to be a 52-basis-point tumble from the end of the third quarter and the lowest rate since the second-quarter 2016, when the it came in at 4.04 percent.
Source: Mortgage Daily