CMBS Delinquencies
November 5, 2014
The Trepp CMBS delinquency rate took a surprising turn in October when delinquencies rose 11 basis points. The increase marks the largest upturn in over two years; the last time the rate increased by more than 11 basis points was in July 2012, when it moved up by 18 basis points. The delinquency rate for US commercial real estate loans in CMBS is now 6.14%, the highest reading since May of this year. October’s rate is 184 basis points lower than the year-ago level. Year-to-date, delinquencies have fallen 129 basis points from 7.43% at the end of December 2013.