The most notable month-over-month increase was to the multi-family delinquency rate, now at 1.90%.
The data provider’s special servicing rate, which includes delinquent and non-delinquent loans, also increased in August, to 4.91% from 4.47%.
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Commercial Delinquency Rate Jumps for First Time in Two Years
The delinquency rate for commercial mortgage backed securities surged 28 basis points to 3.21% in August, the first month-over-month increase in more than two years. That’s according to CRED iQ.
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