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.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Guild Mortgage promotes 3 employees to top positions

Guild Mortgage, an independent mortgage lender, announced late last week that it has promoted three senior members of its leadership team as it continues to grow.

Nov 19, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please