Realpoint: Delinquent Unpaid Balance For CMBS Tops $60B

Posted by Orb Staff on July 27, 2010 No Comments
Categories : Commercial Mortgage

linquent unpaid balance for commercial mortgage-backed securities (CMBS) increased by $3.11 billion in June, according to [link=http://www.realpoint.com]Realpoint[/link]. The delinquent unpaid balance grew from $57.34 billion in May to $60.45 billion in June, according to the rating agency's monthly delinquency report. Of the five delinquency categories tracked by Realpoint (i.e., 30-day, 60-day, 90+ day, foreclosure and real estate owned (REO)), only the 60-day category showed a decrease in June, dropping $2.06 million from the prior month. The largest gain in delinquencies was found in the 30-day bucket, which grew by $3.2 million in June. The 90+ day, foreclosure and REO categories grew in aggregate for the 30th consecutive month, Realpoint says. The unpaid balance for CMBS is up 111% from a year ago. SOURCE: [link=http://www.realpoint.com]Realpoint

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