CMBS delinquency rates improve, except for retail property loans

The delinquency rate on loans included in US Commercial Mortgage Backed Securities (CMBS) increased by 31 basis points in February to 5.73%, according to Moody’s. "This month’s increase was.

Category: Banking > Delinquencies and Delinquency Rates, 99 economic data series, FRED: Download, graph, and track economic data.. Delinquency Rate on Loans Secured by Real Estate, Top 100 Banks Ranked by Assets . Percent, Quarterly.

 · The delinquency rate for apartment loans continued to improve in March, dropping another 54 basis points to 12.73 percent. The rates for industrial and office loans were modestly lower, at 11.72 percent and 10.6 percent respectively. retail loans posted the second worst month-over-month reading with an increase of 12 basis points.

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Following a 6-point uptick in October, the delinquency rate took its biggest one-month jump of the year-13 basis points. By contrast, it took from January to June for CMBS delinquencies to increase.

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 · If the new data from Trepp LLC is any indication, things are looking better for commercial real estate in South Florida. The delinquency rate for commercial mortgage-backed securities (CMBS) loans.

The delinquency for retail properties declined the most, by 35 basis points, to 4.65 percent, compared to a two-basis point decline for hotels (to 1.63 percent) and a one-basis point drop for industrial assets (to 0.95 percent). However, in every sector, the delinquency rate today is lower than it was in April 2018.

The legacy CMBS 60+ day delinquency rate increased 11bps in February, to 9.47%, though the increase is largely the product of a shrinking outstanding balance of legacy loans (the denominator effect), as most delinquency buckets (except REO) fell in dollar terms.

The delinquency rate for securitized loans on commercial properties in South Florida hit a record high in June, but it is likely to drop, as several major properties recently modified their loans.

A pooling and servicing agreement (PSA), is a contract that is required when loans, including CMBS loans, are pooled together and packaged into mortgage backed securities.For CMBS loan borrowers, this means that they must abide by both the terms of the loan agreement, and by the terms of their loan’s pooling and servicing agreement.

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