Problem Office Loans Drive Increase in CMBS Delinquencies

For the first time in 10 months, there has been an increase in delinquencies in the loans which are part of commercial mortgage-backed securities, Fitch Ratings said. It attributes the rise to continuing problems in the office sector.After falling to a three-year low in February, CMBS late-pays increased two basis points in March to 7.63% from 7.61% a month earlier.“CMBS loan resolutions edged out new additions to the index, but a drop in new issuance...

Read More