Realpoint Pegs Delinquent Unpaid CMBS Balance At $57.34B

linquent unpaid principal balance (UPB) for commercial mortgage-backed securities (CMBS) grew by $2.9 billion last month, according to Realpoint's monthly delinquency report. The total delinquent UPB at the end of May was $57.34 billion – a 205% increase from a year ago, when the reported delinquent UPB was $18.78 billion. Realpoint reports that all delinquency categories other than the 30-day bucket increased in May. The distressed 90+ day, foreclosure and real estate owned categories grew in aggregate for the 29th consecutive month. Realpoint projects the delinquent unpaid CMBS balance to grow between $80 billion and $90 billion by the end of the year. SOURCE: [link=]Realpoint Monthly Delinquency Report


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