Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities

Wolf Street, July 5, 2020–Wolf Richter
The delinquency rate for Commercial Mortgage Backed Securities (CMBS) spiked by 317 basis points to 10.3% in June, after having spiked by 481 basis points in May, which had been the largest month-to-month spike in the data going back to 2009, according to Trepp.