CMBS Delinquency Rate in US Down in August; First Drop Since February via WORLD PROPERTY CHANNEL

According to an August report from Trepp, US CMBS delinquencies were down from July, the first decline since February.

"Over the last few months, we predicted that the Trepp CMBS delinquency rate would hit a high point in the early to mid-summer and then decelerate in the second half of the year," says Manus Clancy, managing director at Trepp. "That prognostication came to fruition (in August) when the delinquency rate fell sharply," he said.

The delinquency rate for US commercial real estate loans in CMBS fell 21 basis points to 10.13% in August. This decrease occurred after five consecutive months in which the rate increased, including three months that set all-time records. This was the largest one-month drop since November 2011, according to Trepp.


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