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CMBS delinquencies almost below 6% mark

Multifamily delinquency rate hits 7.01%

spiral stair

Commercial mortgage-backed security delinquencies inched closer to the 6% mark last month on the back of several large loan dispositions, the latest index results from Fitch Ratings found.

In addition, CMBS late-pays dropped 22 basis points in November to 6.10% from 6.32% a month earlier. The significant drop was led by four large dispositions, with more likely on the way from a CWCapital Asset Management asset sale.

At this rate, CMBS delinquencies are on track to end 2013 below 6%: the lowest rate since 2009.

The multifamily delinquency rate hit 7.01% in November, slightly up from 6.98% in October. 

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