NEW YORK CITY-One-hundred and twenty-six CMBS loans with abalance of $962 million will come due next month, and 43% of thoseare already in special servicing, says Fitch Ratings. The ratingsagency says special servicers oversee about 25% of the $6.1 billionof Fitch-rated loans that are due to mature by the end of thisyear. Most of these loans are classified as delinquent or inforeclosure.

While these statistics suggest still more trouble on the way forlegacy CMBS, Moody’s Investors Service said earlier this month thatits Delinquency Tracker Index saw its smallest monthly rise sinceFebruary 2009. The DQT increased 18 basis points in July to7.89%.

However, Moody’s managing director Nick Levidy says in arelease, “Although the monthly increases in the DQT have trailedoff since March, we do not expect this trend to continue unabatedfor the rest of the year. The fact that the portion of loans inspecial servicing exceeds by over 300 basis points the portion thathave so far actually gone delinquent suggests that there are stillplenty of delinquent loans in-waiting that can cause the rate tospike in any given month.”