U.S. commercial mortgage-backed securities delinquencies jumped 43 basis points to 4.29% in November, according to a Fitch Ratings index. The rating agency said large hotel and multifamily loan delinquencies were responsible for the increase. But all loan types saw increases during the month. The hotel sector had the highest delinquency rate during the month, 8.07%; followed by multifamily, 7.03%; retail, 3.81%; industrial, 3.20%; and office, 2.50%. Large loans, defined as loans with balances of more than $100 million, continue to default each month, according to Fitch. Five additional large loans became delinquent in November.
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