The delinquency rate for commercial mortgage-backed securities (CMBS) moved up 12 basis points in June to 10.16 percent, reaching an all-time high, according to a report from Trepp.
There was one positive side to the report. Trepp stated that most
five-year loans originated in 2007 were made in the first six months of
that year, and so now that we are halfway into 2012, this means the
number of five-year loans from 2007 are reaching their maturity dates
and will fall off over the next six months.
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JC: This may mark the peak of the CMBS delinquency. Will the trend get better from here?
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