As more borrowers continue to default on balloon payments, the rate of late payments on securitized commercial real estate loans rose again.
As of April 30, 2017, delinquency of at least 30 days on loans included in commercial mortgage-backed securities was 5.52 percent.
The past-due rate worsened from 5.37 percent at the end of the preceding month. It was the third consecutive month of deterioration.
Source: Mortgage Daily
