The Real Deal Miami

CMBS delinquencies could be moderating

August 03, 2010 12:00PM

Although the overall CMBS delinquency rate rose again in July to 8.71
percent, an all-time high, the rate of increase in delinquency rates for
commercial real estate loans in commercial mortgage-backed securities
is moderating, according to a new report from analytics firm Trepp.
According to Trepp, there was also an accelerated number of loan
modifications in 2010, which is putting downward pressure on the
delinquency number, as more troubled loans get resolved and move from
the delinquency category. July’s increase in the delinquency rate was
the smallest in about a year, up just 12 basis points. TRD