Fate of Paying Loans Past Maturity Could Affect CMBS Late-Pays

Secondary

The 9.37% CMBS delinquency rate in February was lower both sequentially and compared to year-ago monthly figures by Trepp LLC’s measure, but the company notes that whether this is a true sign of improvement depends in part on the fate of paying loans that are past their maturity date but have not yet been modified, refinanced or foreclosed upon.

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