Trepp, LLC, the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets, released its June 2013 U.S. CMBS Delinquency Report today (available at http://www.trepp.com/knowledge/research).
The Trepp CMBS Delinquency Rate posted its lowest level in almost three years in June. The 42-basis-point drop was the second biggest one-month improvement since Trepp began publishing the monthly rate in the fall of 2009. The delinquency rate for U.S. commercial real estate loans in CMBS was 8.65% in June. This was the first time the rate has dropped below 9% since November 2010 and the lowest percentage since October 2010.
Loan resolutions have been the main driver behind the delinquency rate improvement so far in 2013. June was no exception with over a billion dollars in loan resolutions, up sharply from May's total of $858 million. While the removal of these loans from the delinquent category placed a fair amount of downward pressure on the rate, this was completely negated by June's newly delinquent loans, which were approximately half the total posted in May.
Read more...NEW YORK, July 2, 2013: U.S. CMBS Delinquency Rate Plummets, Rate at Lowest Level since October 2010 | PRNewswire | Rock Hill Herald Online
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