CMBS delinquencies reach another record high nationwide: Trepp

The delinquency rate for commercial real estate loans in commercial mortgage-backed securities nationwide jumped 40 basis points in May, reaching a record high of 8.42 percent, up from 2.77 percent a year ago, according to a June report from Trepp. For the last eight months, the rates of increase in delinquencies have been between 37 and 49 basis points. The only exception was February of this year when the delinquency rate moved up only 22 basis points. TRD