Thursday, June 18, 2009

 

CMBS: Monthly Delinquency Report

In April 2009, the delinquent unpaid balance for CMBS increased by an unprecedented $3.26 billion, up to a trailing 12-month high of $17.15 billion. Overall, the delinquent unpaid balance grew for the eighth straight month, up over 329% from one-year ago (when only $3.99 billion of delinquent balance was reported for April 2008), and is now over seven times the low point of $2.21 billion in March 2007. An increase in four of the five delinquent loan categories was noted in April, including over $1.96 billion in 30-day delinquency. The distressed 90+-day, Foreclosure and REO categories grew in aggregate for the 17th straight month – up 15% from the previous month and over 260% in the past year...

Realpoint: CMBS: Monthly Delinquency Report (PDF)

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