The performance of securitized commercial real estate loans worsened more than it has in over five years as loans made 10 years ago reached maturity. Apartment loan lates skyrocketed.
As of June 2017, delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities finished the month at 5.75 percent.
Compared to the preceding month, the 30-day rate ascended 28 basis points — more than it has increased during any month since March 2012 when it jumped 31 BPS.
Source: Mortgage Daily