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Manus Clancy of Trepp Clancy sees a likelihood of the downward trend in delinquencies continuing this year.

NEW YORK CITY—The delinquency rate for CMBS fell to 4.89% in December, its lowest reading in 15 months, Trepp LLC said Wednesday. The 29-basis point drop was the largest in about two years, and also represented the sixth consecutive monthly decline in late-pays for CMBS.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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