Growing defaults from a wave of securitized commercial real estate loans that are maturing are likely to be exacerbated by the upcoming implementation of the risk retention rule.
Performance data from Trepp LLC indicates that delinquency of at least 30 days on loans included in commercial mortgage-backed securities was 5.03 percent in November.
Based on historical data from the New York-based firm, that was the highest level of CMBS delinquency since December 2015, when the 30-day rate landed at 5.17 percent.
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From:: Financing