Fitch: CMBS Delinquency-Rate Exceeds 6%

The delinquency rate on upcoming maturities from U.S. CMBS deals originated in 2005 increased by 29 basis points in February, bringing the total rate to 6.29%, according to a report from Fitch Ratings, which studies CRE trends. Declining performance, particularly in oversupplied markets, pushed Fitch’s multifamily delinquency rate to 8.97%, the highest of all property types. The [...]