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Benzinga
Benzinga
Business
Phil Hall

Delinquency Rate For Commercial Mortgage-Backed Securities In Largest Decline Of 2022

Trepp

The delinquency rate for commercial mortgage-backed securities (CMBS) took on its biggest decline of the year in March, according to new data from Trepp LLC.

What Happened: Last month’s CMBS delinquency rate was 3.14%, a 37 basis points (bps) decline from April. The rate has been plummeting for 22 of the last 23 months, with only a brief uptick in late 2021.

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