The commercial mortgage-backed securities delinquency rate fell slightly in March, but the segment that everyone watches closely–office–saw its rate move higher again, reported Trepp, New York.
Tag: CMBS
KBRA: Lodging Loan Performance Clouded by Upper-Upscale Chains
U.S. hotels have performed well overall since the pandemic, but upscale properties report higher commercial mortgage-backed securities delinquencies than more modest hotels, reported KBRA, New York.
Moody’s: CMBS Loss Severities Drop
Moody’s, New York, reported U.S. commercial mortgage-backed securities had the lowest loss amount last year since 2009, but noted loss severities remained elevated.
CMBS Supply-Demand Fundamentals Improve Slightly
The outlook for the securitized commercial real estate market improved just slightly in the fourth quarter, the Moody’s Investors Service’s Red-Yellow-Green report said.
CMBS Delinquency Rate Dips; Special Servicing Rate Increases
Fitch Ratings, New York, reported the commercial mortgage-backed securities delinquency rate decreased two basis points in February to 1.83%.
January CMBS Delinquency Rate Falls Below 3%
Trepp, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell 10 basis points in January to 2.94%
CMBS Delinquency, Special Servicing Rates Increase
The commercial mortgage-backed securities delinquency and special servicing rates both increased in November, according to Trepp LLC and DBRS Morningstar.
CMBS Supply-Demand Fundamentals Slip
Commercial property market supply and demand fundamentals slipped in the third quarter, reported Moody’s Investors Service, New York.
CMBS Delinquency Rate Dips; Forecast Calls for 2023 Increase
Fitch Ratings, New York, said the commercial mortgage-backed delinquency rate fell six basis points in October to 1.89%, but forecast it could increase significantly in 2023.
Fitch: Most Maturing CMBS Conduit Loans Can Refinance
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.