Delinquencies in office and retail loans backing commercial mortgage-backed securities monitored by Fitch Ratings jumped more than 20% in the third quarter, according to the rating agency.Office delinquencies rose 27%, and retail delinquencies climbed 24%, Fitch reported. Despite these increases, however, Fitch's CMBS Loan Delinquency Index remained "essentially unchanged" at 1.61% from the previous quarter, in large part because hotel delinquencies fell 15%, the rating agency said. Delinquencies for other loan types in the third quarter were as follows: industrial, up 12%; health care, up 7%; and multifamily, up 5%.
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