Loan delinquencies continue to decline
Delinquencies on commercial mortgage-backed securities dropped 6 basis points from August to September to nearly 4.5 percent for all property types, according Fitch Ratings, National Real Estate Investor reported. Year-over-year, the CMBS delinquency rate for all properties is down 31 basis points, Fitch said. Delinquency rates fell for office, industrial, multifamily and hotels, with the biggest improvements in the hotel and industrial sectors.
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