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NEW YORK CITY-With a 133-basis point rise in the cumulative default rate for CMBS during the second quarter, predictions of an 11% to 12% rate of securitized loans in arrears come closer to reality. Fitch Ratings says 9.48% of the fixed-rate conduit CMBS loans in its universe were in default at the end of Q2, while Realpoint said in late July that $3.11 billion of unpaid loans were added to the total during June.

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