The delinquency rate for commercial mortgage-backed securities (CMBS) took a rare upswing in June, marking the first time since last December and only the second time in two years that the rate increased, according to new data from Trepp LLC .
What Happened: The Trepp CMBS Delinquency Rate in June was 3.2%, a six-basis-point rise from May, with all major property types recording small increases in their respective delinquency rates. The percentage of loans in the 30 days delinquent bucket is now 0.18%, a five-basis-point rise from the previous month.
Still, June’s delinquency rate was far below the all-time high of 10.34% from July 2012 and the ...
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