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.

CMBS Delinquency Rate, Liquidations Drop

The commercial mortgage-backed securities delinquency rate continues to decline, and CMBS liquidations also dropped last year, analysts said.

CMBS Delinquency, Special Servicing Rates Dip in December

Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent, driven by robust new issuance, continued loan resolutions and fewer new delinquencies.

CMBS Delinquency, Special Servicing Rates Dip Again

“More of the same” was the commercial mortgage-backed securities delinquency rate headline in July, according to Trepp Senior Managing Director Manus Clancy.

1Q Distressed CRE Debt Drops

More U.S. commercial real estate distress was worked out than arose in the first quarter, reported Real Capital Analytics, New York.

CMBS Delinquency Rate Dips

The commercial mortgage-backed securities delinquency rate dipped in November, largely due to continued Coronavirus debt relief, said Fitch Ratings, New York.