TITLE

Commercial Default Rate Climbs

PUB. DATE
January 2010
SOURCE
American Banker;1/12/2010, Vol. 175 Issue 6, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the default rate for commercial mortgages bundled and sold as bonds rose .42 percentage points to 4.71% in December, 2009. The rate may climb to 12% in 2012, according to Fitch Ratings. Loans packaged from 2004 to 2008 account for over 75% of total delinquencies. Loans exceeding $100 million made in 2006 and 2007, when underwriting was most aggressive, will contribute to future delinquencies.
ACCESSION #
47546234

 

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