DBRS Morningstar: CMBS Delinquency Rate Surges

DBRS Morningstar, Toronto, reported the delinquency rate for loans packaged in commercial mortgage-backed securities surged 31 basis points in July. The special servicing rate rose for the fifth straight month, increasing 24 basis points during July.

KBRA: Servicers Performed Admirably During COVID

Kroll Bond Rating Agency, New York, said commercial mortgage-backed security servicers “performed admirably” over the last two years while facing nearly unprecedented distress during the COVID pandemic.