• Hotels lead drop in CMBS delinquencies

US CMBS loan delinquencies fell for the first time in 33 months, aided by hotels, according to the latest loan delinquency index result from Fitch Ratings.

Hotel delinquencies fell to 14.14% from 21.31%, the largest drop ever recorded of any CMBS asset type by Fitch. "Whereas hotel-backed loans saw the most rapid performance deterioration, now the opposite is true," said Fitch managing director Mary MacNeill. "Hotel loans are now the most well-positioned to recover quickly when business and consumer spending resume and the economic recovery gains traction."

See the full release here:
http://www.marketwatch.com/story/fitch-us-cmbs-newsletter-delinquencies-drop-for-first-time-in-almost-3-years-2010-11-05?reflink=MW_news_stmp

Share →