Just one month after delinquency on securitized commercial real estate loans jumped more than it had in years, it fell by nearly the same amount. Apartment loans, which fared worst last month, fared best this month.
The rate of 30-day delinquency on loans that are included in commercial mortgage-backed securities concluded July 2017 at 5.49 percent.
CMBS delinquency sank by 26 basis points compared to the preceding month, when the rate had moved higher for the third month in a row. The 28-basis-point increase in June was the highest since 2012.
Source: Mortgage Daily