The delinquency rate on loans in U.S. commercial mortgage-backed securities rose 22 basis points in January to top 9% for the first time, settling at 9.01%, according to Moody’s Investors Service. January marked the seventh consecutive month of increases of less than 25 bps, says Moody’s, which also expects the rate to continue rising in 2011 thought at a slower pace than over the past two years. Hotels continued to be performing worst with a rate of 16.75%, followed by multifamily, which saw the largest increase for the month—121 bps—to close at 15.59%.

Click here to read the release from Moody’s.