Friday, January 4, 2013

Trepp Reports US CMBS Delinquency Rate Unchanged in December



Manus Clancy
NEW YORK, NY  - The Trepp CMBS delinquency rate in December was unchanged from the previous month at 9.71%. After months of continued volatility, the delinquency rate for US commercial real estate loans in CMBS has regained some stability. From early 2012 through the end of the summer, the CMBS delinquency rate bounced around considerably.

 Large movements in the delinquency rate during the first six months of the year were caused primarily by the high number of five-year loans securitized in 2007. As these loans reached their maturity dates and were unable to refinance, the rate was pushed to record highs. With these troubled loans now behind the market and the next wave not coming due until 2014, rate movements should be modest in the near future.

“Despite the fact that the delinquency rate has leveled off once again, it’s been a spectacular run for the CMBS industry over the last six months,” said Manus Clancy, senior managing director of Trepp. “Not only did the world not end on December 21, but spreads have plummeted since June, it’s become easier for

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 For a complete copy of the company’s news release, please contact: 

Eric R. Gerard
Senior Vice President
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10001
(212) 741-2977

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