Commercial Real Estate Disater 2010
Trepp, commercial research provider found that defaults in commercial mortgage securities (CMS) has jumped 85 basis points by the end of November 2009.
The Mortgage Bankers Association’s Delinquency Report is showing the 30-plus-day delinquency rates on CMS loans are also rising.
“What we are seeing now is a recipe for disaster in the commercial real estate market [...]