Office Loans Drive Down CMBS Delinquency

An improvement in the performance of securitized commercial real estate loans backed by office buildings was enough to offset deterioration in every other category.

Loans that were delinquent at last 30 days accounted for 5.47 percent of all loans that are included in commercial mortgage-backed securities as of May 31.

Late payments on securitized CRE loans were down from 5.52 percent as of April 30, when the delinquency rate had risen for three consecutive months.

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From:: Financing