CMBS delinquencies up from $9.57 billion to $11.23 billion in month

08/25/2009 | Reuters

The rate at which CMBS issues are going delinquent is outpacing commercial foreclosures and lenders getting properties handed back to them by borrowers, ratings agency Realpoint said. Some industry experts have said this is a sign foreclosures are likely to accelerate soon. The total value of delinquent commercial loans tied to mortgage-backed securities increased from $9.57 billion in June to $11.23 billion in July, the company said.

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