CMBS Delinquencies Fall For 9th Straight Month, Fitch Says

Law360, New York (March 8, 2013, 4:07 PM EST) -- Two loan modifications in February totaling nearly $400 million paved the way for U.S. commercial mortgage-backed securities delinquencies to fall for the ninth consecutive month, Fitch Ratings Inc. said in a report Friday.

According to Fitch's delinquency index, late-pays on CMBS loans dropped 30 basis points to 7.61 percent in February, down from 7.91 percent in January. The total dollar balance on all delinquent CMBS loans fell as well, ending the month below $30 billion for the first time since February 2010.

"In February, resolutions of...
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