The national delinquency rate for commercial mortgage-backed securities (CMBS) began the year with another decline, marking the eighth consecutive month of decreases, according to Fitch Ratings. The rating agency, however, noted regional struggles in Georgia.
“Offsetting the positive movement in overall delinquencies is Georgia, which continues to be a problem spot,” Fitch said.
In January, the CMBS delinquency rate fell 8 basis points, ending the month at 7.91 percent. The CMBS delinquency rate is now at the lowest level since October 2010, when the rate stood at 7.78 percent.
Read more...Fitch: CMBS Delinquencies Fall Again; Georgia Remains 'Problem Spot' via DSNews.com
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