The unpaid principal balance of delinquent commercial mortgage-backed securities delinquencies fell by 23% as of Dec. 31 compared with the same day one year prior in 2013, according to Fitch Ratings.
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Delinquencies were $18.4 billion in the CMBS market during 2014, down $5.4 billion from the end of 2013, for an overall delinquency rate of 4.62%, 136 basis points lower than the year before.
For 2015, Fitch expressed cautious optimism about the market, though the ratings agency said a maturity wave early this year could raise the delinquency rate.
