Delinquency rates head further south

Leading data firms are noting significant drops in delinquency rates that have created historic lows among top investors groups, including those serving the CMBS and multifamily loan markets. CMBS delinquency rates (30+ days) fell to 5.58% in February, down eight basis points month-over-month and 120 basis points from the year-ago level, Trepp said today in a new report.