Commercial Mortgage

CMBS Delinquencies Fall $3bn from 12-Month High: Realpoint 

The delinquent unpaid balance of commercial mortgage-backed securities (CMBS) slipped $2.97bn in July to a total $25.68bn but remains significantly higher than year-ago levels. July’s total compares with $28.65bn in June, a 12-month high, according to credit-rating agency Realpoint. The delinquency ratio of the total $819.2bn of CMBS pools under Realpoint’s review fell to 3.14% in July from 3.5% in June as a substantial portion of 30-day delinquencies became current.