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Real Estate & Property Law

: Housing Wire

CMBS Posts Record Delinquency Rate

By DIANA GOLOBAY

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Commercial mortgage-backed securities (CMBS) experienced a 2.07% delinquency rate in May as multifamily and retail properties showed weaker performance, driving loan defaults. It marks the highest CMBS delinquency rate ever recorded by Fitch Ratings since beginning its loan delinquency index in 2001. “Defaults on larger loans continue to drive delinquency increases because later vintage transactions have larger [...]

Full post as published by Housing Wire on June 15, 2009 (boomark / email).

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