For the first time in nine months, the performance of securitized commercial real estate loans deteriorated. Loan secured by office building led the increase.

The rate of delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 4.55 percent in March.

That was an increase of 4 basis points from the preceding month — marking the first time that CMBS delinquency has risen since it was 5.75 percent in June 2017.

Source: Mortgage Daily