The latest improvement in the performance of securitized commercial real estate loans left delinquency at the lowest level in a decade. Office loans were out front of the decline.
Delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities concluded May 2018 at 4.12 percent.
That turned out to be the lowest rate of CMBS delinquency since May 2008 thanks to continued resolution of distressed legacy debt and brisk new CMBS originations.
Source: Mortgage Daily