Loan performance on securitized commercial real estate loans improved for the fifth consecutive month, with office loans faring best. But the holiday season isn’t being kind to retail.

Delinquency of at least 30 days on loans that are included in commercial mortgage-backed securities was 5.18 percent as of Nov. 30.

That turned out to be a 3-basis-point improvement from the previous month, the fifth month in a row the rate was down, and the lowest rate since January.

Source: Mortgage Daily