The delinquency rate of loans in U.S. commercial mortgage-backed securities rose 27 basis points to a record 9.2% in December, according to Trepp. The analytics provider says a decline in the rate in October “now appears to have been a blip,” as it has climbed 62 basis points since then. Manus Clancy, managing director at Trepp, noted that while there has been speculation that the commercial real estate crisis was winding down, “The December delinquency rate underscored that there still may be

some nasty surprises in store even as the market shows some signs of healing.”

Click here to read the release from Trepp.