According to the firm, CMBS delinquencies
fell two basis points in August to 4.
But one sign of hope is that the rate of increase in delinquencies
appears to be slowing in both troubled states and nationwide.
While all four major loan types saw increases in delinquencies
during the fourth quarter, increases in subprime loan delinquencies
--those bearing high interest rates and given to borrowers with poor credit histories--were the most notable in New Hampshire and across the nation.
Assisted living also reduced its short-term debt delinquencies
22 January 2014 -- US commercial mortgage-backed sedurities delinquencies
closed out 2013 below 6% following nine straight months of declines according to the latest index results from US ratings agency Fitch Ratings.
Home equity loan delinquencies
also rose 40 basis points to 3.
There were, however, virtually no delinquencies
in stabilized assisted living projects.
Additionally, foreclosure timelines continue to expand in many states, keeping longer-vintage delinquencies
in the system.
Our detailed research through earnings reports and call report filings from smaller banks tells us that 3Q delinquencies
will increase, following a second quarter drop, amid renewed softness in both commercial and residential real estate prices," commented Matt Anderson, managing director of Foresight Analytics.
for securities backed by commercial real estate loans finished 2011 with a fifth straight month of declines.