CMBS delinquency rate hits 3-year low via HousingWire

The delinquent unpaid balance for commercial mortgage-backed securities decreased to a 12-month low, reflecting the lowest level of CMBS delinquency activity reported in three years, according to Morningstar Credit Ratings.

While $1.66 billion in newly delinquent loans were reported with June remittance, a much higher $3.86 billion in loan resolutions were also noted, resulting in a net decrease to the delinquent unpaid balance.

Overall, the total unpaid principal balance for CMBS available for review decreased slightly to $737 billion, down from $740.34 billion a month earlier.

Read more...CMBS delinquency rate hits 3-year low | HousingWire