Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its November 2012 U.S. CMBS Delinquency Report today (available at http://www.trepp.com/knowledge/research ).
The delinquency rate for U.S. commercial real estate loans in CMBS inched slightly higher in November, rising two basis points to 9.71%. This tick upward came after three consecutive months of decline. From July through October, the rate fell 65 basis points from an all-time high of 10.34% in July to 9.69% in October.
One of the main contributors to the rate moving up in November was an increase in newly delinquent loans. November saw around $3.7 billion of such loans, which compares to $2.6 billion in October. As a result, the pressure these delinquent loans put on the rate outweighed the sizeable amount of loan resolutions in November.
Read more...CMBS Delinquency Rate Inches Higher After Three Months of Improvement - MarketWatch
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