Deterioration in office loan performance droved delinquency on securitized commercial real estate loans to an 18-month high.

The 30-day past-due rate on loans that are part of commercial mortgage-backed securities was 5.31 percent as of Feb. 28.

That turned out to be the highest rate of CMBS delinquency since August 2015, when the 30-day rate came in at 5.45 percent.

Source: Mortgage Daily