The 30-day-plus delinquency rate for securitized commercial and multifamily mortgages retreated a bit in the wake of the previous month’s unexpected spikes.
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Overall, CMBS delinquencies of this type decreased by 5 basis points to 9.6% in May and within the multifamily sector they dropped by 6 basis points to 16.71%.
Multifamily remained the worst performing property type.
Industrial saw the largest jump in delinquencies in the most recent month when the 30-day-plus rate increased 1.20% to 11.96%.
