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Bad financial news extends into the commercial/retail world of lending too, as commercial mortgage backed securities delinquencies increase.
1 FaverShareQuoted: Retail loans made p $4.8bn of delinquent loans as of July 31, while multi-family and office loans rose to $3.5bn and $2.3bn, respectively. Hotel loans accounted for $2.2bn in delinquencies, while industrial loans made up $510m of delinquencies. The multi-family segment alone bore a 5.03% delinquency rate, while hotels followed with 4.3%. Office properties seemed to far the best as of July, with only 1.54% delinquent.
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