Stock Market

Fitch Sees US CMBS Delinquencies Approaching 5% 

The delinquency rate of US commercial mortgage-backed securities (CMBS) reached 3.04% at the end of July as the extent of the credit crisis unwinds in the commercial real estate space. At its current rate, the US CMBS market will likely rise above 5% delinquent by year-end, according to an analysis by Fitch Ratings of commercial MBS across the retail, muti-family, office, hotel and industrial sectors.