Delinquencies on mortgages supporting commercial mortgage-backed securities increased 1 basis point to 0.44% in August, according to a Fitch Ratings loan delinquency index. The rating agency said it expects retail properties to lead the rise in CMBS delinquencies. "While delinquent retail loans represent only 0.26% of all loans within the sector, retail delinquencies increased 29% over July's total," said Susan Merrick, a Fitch managing director who heads the rating agency's U.S. CMBS group. "Fitch also continues to monitor an additional 45 retail loans which are performing, but have been transferred to special servicing."
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