After worsening for several months in a row, the past-due rate on securitized commercial real estate loans moved lower. Office building loans drove the decline.
Loans that are included in commercial mortgage-backed securities had a 30-day delinquency rate of 3.09 percent as of May 31, 2017.
The ratio of past-due CMBS payments improved from 3.14 percent the preceding month — when delinquency had been up five consecutive months.
Source: Mortgage Daily