Increased loan resolutions have helped lead to a third-straight month of declines for U.S. commercial mortgage-backed securities (CMBS) delinquencies, according to the latest index results from Fitch Ratings.
CMBS late-pays fell 9 basis points (bps) last month to 8.39% from July's reading of 8.48%; Fitch Ratings attributes the decline to the volume of loan resolutions outnumbering the volume of new delinquencies. In August, approximately $2 billion of loans were resolved and removed from the index compared to $1.7 billion of new delinquencies added to the index.
Read more...MortgageOrb: CMBS Delinquencies Down, Although Office Sector Woes Persist
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.