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NEW YORK CITY-The forecast for legacy CMBS continues to grow more dismal, with Trepp saying Wednesday that the delinquency rate reached an all-time high in May. That same day, Fitch Ratings reported that the inventory of US CMBS loans in special servicing reached an historic peak at the end of last year.

May’s highest-ever delinquency rate of 8.42% represents a jump of 40 basis points from April, which similarly saw a 41-basis point increase over March, according to Trepp. The CMBS information provider says that aside from February, a month-to-month increase averaging 40 basis points has been the norm since last fall. It holds true for the percentage of seriously delinquent CMBS loans, which finished May at 7.55%, up 41 basis points over April.

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