A record-low was reported for delinquency on commercial real estate loans owned by banks. The rate on securitized CRE loans was its lowest in nearly a decade with further improvement to follow.

Thirty-day delinquency on loans that have been bundled into commercial mortgage-backed securities came to 3.52 percent in the second quarter — the lowest rate since the first quarter 2009’s upwardly revised 1.86 percent.

CMBS delinquency was 3.93 percent as of March 31, 2018. At the mid-point of last year, the 30-day rate on securitized CRE loans was 4.84 percent.


Source: Mortgage Daily