The delinquency rate for loans in U.S. commercial mortgage-backed securities that are past due 30 days or more climbed three basis points to a record 9.42% in March, according to Trepp. On the positive side, the three bps increase was even smaller than the five bps rise between January and February, and well below the previous 12-month average of 20 bps. The rate for loans 60 days or more delinquent rose 14 bps to 8.89% last month.
