Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its January 2013 U.S. CMBS Delinquency Report.
The delinquency rate for U.S. commercial real estate loans in CMBS fell 14 basis points in January to 9.57%. This is the lowest level in 11 months, since February 2012 when the rate was at 9.38%, and the improvement marks the resumption of the downward trend in the rate that began in August 2012.
Loan resolutions experienced a slight bump in January, with over $1.2 billion in loans resolved with losses. The removal of these loans from the delinquent category helped drive the delinquency rate down 22 basis points. Loans that cured put an additional 40 basis points of downward pressure on the rate.
Read more...CMBS Delinquency Rate Falls to Lowest Rate in Almost a Year Showing Improved Real Estate Market - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.