After falling to the lowest level in more than eight years, the rate of delinquency on securitized commercial real estate loans took another tumble. Office loans led the decline.
Thirty-day delinquency on loans that are part of commercial mortgage-backed securities concluded November 2017 at 2.54 percent.
The last time that the rate of late payments was that low for CMBS loans was in May 2009, when 30-day delinquency was previously reported at 2.275 percent.
Source: Mortgage Daily
