Commercial mortgage delinquency up 585% – New Mexico Business Weekly:
Posted by: admin / Category: US Real EstateDelinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high of almost $29 billion, according to Realpoint Research.
California led the nation with the highest amount of delinquent loans, closely followed by Texas and Florida.
Late loans across the country are up an “astounding” 585 percent from a year ago when just $4 billion were delinquent, reported the Horsham, Pa.-based research firm. The low point for delinquency was March 2007 when $2 billion was delinquent.
via Commercial mortgage delinquency up 585% – New Mexico Business Weekly:.
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