CMBS Delinquencies Hit Record High
CMBS have hit a record delinquency rate of 9.1%, as defined by sixty or more days late with payments. The apartment sector was the hardest hit, with a delinquency rate of 15.8%. Here is an article with all the depressing news. I did not read much positive news in the article, except that it restated that CMBS issuance is supposed to increase to nearly $40 million in 2011, which we noted last week.