CMBS Delinquency Rates Hold Steady: Fitch

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The delinquency rate for commercial mortgage-backed securities remained stable last month, according to data from Fitch Ratings.

Delinquencies declined two basis points in August, to 4.85%, compared to the previous month.

Late payments on retail and hotel properties jumped by more than 40 basis points, to 5.34% and 5.88%, respectively.

Those increases were offset by a 12 basis-point drop in industrial delinquencies, to 5.15%. Multifamily and office properties also fell slightly from the previous month.

Article source: http://www.nationalmortgagenews.com/news/servicing/cmbs-delinquency-rates-hold-steady-fitch-1042610-1.html

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