Realpoint: CMBS Delinquent UPB Up 504% Year Over Year

The delinquent unpaid balance for commercial mortgage-backed securities (CMBS) grew slightly last month, from $31.73 billion in September to $32.55 billion in October, Realpoint says in its monthly analysis.

Compared to a year ago, when the CMBS delinquent balance was approximately $5.39 billion, last month's total represents a 504% increase.

Broken down by bucket, 30-day CMBS delinquencies totaled $7.19 billion (up from $7.08 billion in September); 60-day delinquencies totaled $3.3 billion (down from $4.96 billion); and 90+ day delinquencies totaled $14.51 billion (up from $13.36 billion). Real estate owned CMBS grew from $2.27 billion in September to $2.71 billion in October, and foreclosed CMBS grew from $4.05 billion to $4.83 billion.

SOURCE: Realpoint

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