cial mortgage-backed security (CMBS) loan delinquencies increased 40 basis points from April to May, according to Treppwire's Monthly Delinquency Report for June. The percentage of CMBS loans 30 or more days delinquent or in foreclosure totaled 8.42% in May – up from 8.02% in April. ‘The percentage of loans seriously impaired remains almost in lockstep with the headline number,’ Trepp's researchers write in the report. The percentage of seriously delinquent loans (i.e., 60+ days, in foreclosure, real estate owned or nonperforming balloons) grew 41 basis points. Removing defeased loans from the equation, would bring May's overall delinquency rate to 8.96%, Trepp says. The 8.42% delinquency percentage is the highest level in the history of the CMBS industry. SOURCE: [link=http://www.trepp.com/main.cgi]Trepp
