The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.
Tag: CMBS
CMBS Special Servicing Rate Jumps: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped 17 basis points in March to 7.31%.
Moody’s Reports Higher Interest Rates Driving Down Defeasance
Moody’s Investors Service, New York, reported commercial mortgage-backed securities defeasance activity tumbled last year to $11.4 billion from $32.2 billion in 2022.
Office Sector Drives CMBS Delinquency Rate Up Slightly: Trepp
The delinquency rate for commercial mortgage-backed securities inched upward in February, according to Trepp, New York.
CMBS Delinquency Rate Ticks Upward: Trepp
The CMBS delinquency rate rose modestly in January, increasing 15 basis points to 4.66%, according to Trepp, New York.
Trepp: CMBS Delinquency Rate Falls in December
Trepp, New York, noted the overall commercial mortgage-backed securities delinquency rate fell by seven basis points to 4.51% in December.
CMBS Special Servicing Rate Ticks Upward in November: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased 4 basis points in November to 6.84%.
KBRA CMBS Outlook: Cloudy, With a Glimmer of Hope
Kroll Bond Rating Agency, New York, just released its CMBS 2024 Sector Outlook, which forecasts U.S. issuance activity for the new year and highlights key credit trends from 2023. MBA NewsLink interviewed KBRA’s Larry Kay and Andrew Foster to get their views on the current lending environment and property fundamentals as well as factors that may affect overall property performance in 2024.
KBRA: CMBS Delinquency Rate Ticks Upward
KBRA, New York, said the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased 19 basis points in November to 4.4%.
KBRA: Securitized Multifamily and the Housing Affordability Gap
Since 2020, greater apartment rent increases occurred in markets with higher homeownership costs as lower affordability drove up demand for rental units, reported KBRA, New York.