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Commercial Mortgage Delinquencies Drop, Helped by Debt Relief

Friday, Oct 09 2020
Commercial Lending
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The commercial mortgage rate dipped again in September, partly because more unpaid loans have been granted coronavirus debt relief. That’s according to a report from Fitch Ratings.

!--more-->Loan delinquencies declined to 4.64% from 4.76% in August, according to Fitch Ratings.

If loans granted relief were assumed to be delinquent, though, the rate would rise to 7.9%. Fitch had previously forecast a delinquency rate of 8.25% to 8.75% by the end of September.

Read more from Fitch Ratings. 

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