Case-Shiller: Home price gains decelerate rapidly

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S
Investments / The Ticker

US CMBS delinquency rate falls again

/ Print / Reprints /
| Share More
/ Text Size+

The delinquency rate for commercial mortgage-backed securities loans fell 17 basis points in July, reaching a rate of 8.48%, CMBS analytics firm Trepp said Thursday.

For the third time in four months, the Trepp CMBS delinquency rate is down, following a substantial 42-basis-point drop in June and a 47-bp drop in April.

The Trepp CMBS delinquency is down from an all-time high of 10.34% a year ago. Trepp credits an uptick in loan resolutions for today's falling delinquency rate.

In July, loan resolutions alone totaled $2.05 billion, up sharply from $1.25 billion in June and $858 million in May.

Subtracting these loans alone from the delinquent bucket pushed the delinquency rate down roughly 38 basis points.

Recent Articles by Kerri Panchuk

Comments powered by Disqus