The volume of loans in U.S. commercial mortgage-backed securities entering special servicing continues to shrink, according to Fitch Ratings. Fitch reported that since peaking at $91.2 billion in the second quarter of 2010, specially serviced CMBS loans have steadily declined in the past three quarters. “Improving market conditions are slowing the velocity of loans transferring into special servicing,” said Stephanie Petosa, managing director. “Servicers are also modifying loans and moving them back into master servicing with increased success.”

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