Delinquency on securitized commercial real estate loans soared more than 20 basis points last month and is expected jump at least 50 BPS more by year-end.
Delinquency of at least 60 days on loans that are included in commercial mortgage-backed securities was 3.72 percent as of mid-year 2017.
The past-due CMBS rate surged 22 basis points when compared to May 31, 2017. That was the biggest month-over-month spike since July 2011, when the rate peaked out at 9.01 percent.
Source: Mortgage Daily
