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NEW YORK CITY-CMBS loans continued to recover some of their luster in October, as Trepp reported Friday that the delinquency rate for securitized CRE loans dipped to 9.69%. The 30-basis-point drop was the steepest in 14 months and the third month-over-month decline in a row, according to the locally based CMBS information provider, led by CEO Annemarie DiCola.

Trepp noted that loan resolutions remained high in October, with more than $1.5 billion in loans resolved with losses during the month. Taking these loans out of the delinquency gene pool accounted for 28 bps of downward pressure on the late-pay rate. 

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