The delinquency rate on loans included in U.S. commercial mortgage-backed securities (CMBS) conduit and fusion transactions increased by 5 basis points (bps) in December to 9.32%, according to Moody's Investors Service's Delinquency Tracker (DQT). The rate of loans in special servicing, as measured by Moody's Specially Serviced Loan Tracker, declined by 13 bps in December, to 11.97%.
December was the 12th consecutive month that delinquencies in the U.S. have been above 9%, according to Moody's. New delinquencies in December slightly exceeded the resolutions of delinquent loans. Specifically, in December, there were $3.7 billion of newly delinquent loans, while $3.5 billion in loans were resolved or worked out.
Read more...MortgageOrb: Content / Commercial Mortgage / Moody's: CMBS Delinquency Rates Continue To Rise