A wave of maturing securitized commercial real estate loans continued to take a toll on performance. Office delinquency deteriorated most.
As of the close of 2016, the rate of 30-day delinquency on loans included in commercial mortgage-backed securities was 5.23 percent.
That put the past-due rate on securitized CRE loans at the highest level it’s been since October 2015, when the rate was also 5.23 percent.
Source: Mortgage Daily