Delinquency rates for commercial mortgage backed securities havebeen on a bit of a roller coaster with shutdowns for thecoronavirus pandemic, but they're now headed down hill.
That's the view of Manus Clancy, Trepp's senior managingdirector and leader of the firm's applied data, research, andpricing departments.
"With remittance data for July nearing its completion point,preliminary numbers indicate that the CMBS delinquency reading isset for a sizable decline," Clancy said in a report Trepprecently published. If that holds, he said, thedecline will come a month after Trepp measured the rate within twobasis points of matching its all-time high.
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