The percentage of delinquent loans in commercial mortgage-backed securities spiked a record 23 basis points to 9.65% in April, the largest monthly jump since December, according to Trepp. Trepp noted that the increase came despite the addition of new and generally current issues being included in the calculation and a greater number of CMBS loans being resolved through special servicers than there were 18 months ago.

Click here to read the release from Trepp.