NEW YORK (AP) - Delinquencies for commercial mortgage-backed securities rose in January, fueled by increases in five main property types for the fifth straight month, Fitch Ratings said Friday.
The delinquency rate for commercial mortgages that are bundled and sold to investors was 6 percent in January, up from 4.71 percent the month before.
The five property types that posted higher delinquencies were office, hotel, retail, multifamily and industrial.
The biggest increase was in hotels, which recorded a 7 percent increase due to a delinquent loan belonging to Extended Stay America, which has filed for bankruptcy protection.
Rate this article
0 ratings
Hello Everyone,
ReplyDeleteThese are major financing options that the individual investor can consider while making his choice of investments. And also it is fixed-income securities that are backed by loans on things like office buildings, retail properties, and hotels.
Thanks a lot.
Mortgage Buyers