CMBS Late-Pays and New Defaults Rising, But There’s Hope

April 5, 2012

Source: National Mortgage News

Observers note that the next batch of securitized commercial mortgages to start maturing in 2013 will be those from the period where underwriting tightened severely, which could put downward pressure on delinquencies. So if you have a sharp increase this year, you’re going to have an equally sharp decrease next year, quotes David Tobin, commenting on the Trepp report.

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