According to Trepp, the CMBS delinquency rate declined sharply in September with the latest number being a little over half the level seen at the peak of the COVID-19 pandemic. After two huge jumps in May and June 2020, the rate has now fallen for 15 consecutive months. The September number … [Read more...] about 10.19.21: . . . MEANWHILE, CMBS DELINQUENCY CONTINUES TO FALL
9.1.20: TREPP: CMBS DELINQUENCY RATE CONTINUES RETREAT FROM NEAR ALL-TIME HIGH
The Trepp CMBS delinquency rate continued its downtrend in August after posting the largest decline in four years in July. The overall CMBS delinquency rate in August was 9.02%, a decline of 58 basis points from July. About $6.5 billion in loans were “cured” in August, helping the rate post another … [Read more...] about 9.1.20: TREPP: CMBS DELINQUENCY RATE CONTINUES RETREAT FROM NEAR ALL-TIME HIGH
12.10.19: CMBS DELINQUENCY RATES CONTINUE TO DECLINE
The Trepp CMBS delinquency rate maintained its downward trend in November, falling sharply to another post-crisis low. The November reading was 2.34%, a month-over month drop of 13 basis points (bp). The delinquency rate is down 99 bp year over year. The delinquency rate started to fall after June … [Read more...] about 12.10.19: CMBS DELINQUENCY RATES CONTINUE TO DECLINE
7.10.19: CMBS Delinquency Rate Increases Modestly in June
The Trepp CMBS delinquency rate in June increased 18 basis points (bp) to 2.84%. The spike represents only the fourth monthly increase over the last two years. However, the increase is skewed by a hotel portfolio loan, the Innskeeper Portfolio, totaling $754 million that will show up as current next … [Read more...] about 7.10.19: CMBS Delinquency Rate Increases Modestly in June
3.10.19: CMBS Delinquency Rates Continue to Decline
The Trepp CMBS delinquency rate broke through the 3% threshold in February 2019 as the reading continues its steady decline. The February reading fell 15 basis points (bp) to 2.87% from 3.02% registered in January. The February result is another post-crisis low. The delinquency rate is 164 bp lower … [Read more...] about 3.10.19: CMBS Delinquency Rates Continue to Decline
3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance
In 2007, $228 billion of CMBS conduit loans were pooled and sold as CMBS securities in the United States, the largest amount in history. Most of the loans provided for a 10-year term, creating a potential refinancing bonanza for 2017. As it turns out, the majority of the loans were closed in the … [Read more...] about 3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance
8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
CMBS loan delinquency rose in July to 4.76%, up 16 basis points (bp) from June, according to Trepp. The July delinquency rate is 61 bp above its multiyear low of 4.15% recorded in February 2016. The delinquency rate was negatively impacted by loans unable to pay off at maturity, thereby being … [Read more...] about 8.1.16: Trepp: CMBS Delinquency Rate Moves Higher Again in July
8.15.14: CMBS Delinquency Posts Small Decline in July
The CMBS delinquency rate for U.S. commercial real estate loans in CMBS declined a fraction in July, to 6.04%, barely extending a 14-month month-over-month decline, according to Trepp. Loan resolutions totaled just over $600 million, one of the lowest monthly totals in recent years. Removing these … [Read more...] about 8.15.14: CMBS Delinquency Posts Small Decline in July
4.1.14: Trepp Reports Further Decline in Delinquency
The CMBS delinquency rate continued its impressive decline in March, marking the tenth consecutive month the rate has fallen, according to Trepp. The rate dropped 24 basis points (bp) over the course of the month, bringing the delinquency rate for U.S. commercial real estate loans in CMBS to 6.54%. … [Read more...] about 4.1.14: Trepp Reports Further Decline in Delinquency
