CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint

In September, the multifamily delinquency rate for commercial mortgage-backed securities (CMBS) loans at least 60 days past due reached 6.09%, compared with just 1.47% just a year earlier.

According to an analysis by Realpoint, reported by HousingWire, delinquencies in commercial mortgage -backed securities (CMBS) in the US increased to 7.2%, and more than triple the rate a year ago.

June 2007 held the lowest delinquency rate recorded by Realpoint, at 0.2%. After analyzing the trends, Realpoint researchers predict a 6-to-7% delinquency rate through Q110 and could pass 9% in.

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Other research reports also paint an equally gloomy picture. According to an analysis by Realpoint, reported by HousingWire, delinquencies in commercial mortgage-backed securities (CMBS) in the U.S. increased to 7.2%, and more than triple the rate a year ago. In May, the total delinquent unpaid balance for these loans reached $57.3 billion.

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From HousingWire: CMBS Delinquency Rate Triples From a Year Ago, Passes 7%: Realpoint. Delinquencies in commercial mortgage-backed securities (CMBS) in the US reached 7.2% in May from 6.9% in April, and more than triple the rate a year ago, according to the analytics firm Realpoint.

Courtesy of Tyler Durden. On one hand you have Moody’s REAL CPPI index telling you commercial real estate prices not only bottomed in December, but are now increasing at the fastest rate in years. On the other hand you have reality staring you in the face (that is if you are reading the February RealPoint CMBS report), in the form of $46 billion in CMBS delinquencies in January: this was a.

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San Diego Museum Month The Economy & the Commercial Real Estate Bust – Forecasts. – The CMBS sector is suffering from two major problems, which, according to credit rater Realpoint LLC, sent its delinquency rate to 3.14% in July, more than six times the level a year earlier. One is major problem is that many of these mortgages were simply poorly underwritten.

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Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year Mortgage closing costs up 8.8% from year earlier .. The year-over-year change wasn’t nearly as high as the 36.6% increase in closing costs between last year and 2009, when fees averaged $2,739.

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