CMBS Defaults & Delinquencies on the Rise? Yes. Distressed or Defaulted CMBS Loans Still Misunderstood? Yes.
Two things jumped out at me this morning: I was surprised to read about Fitch's announcement that CMBS defaults rose to 12.9% at the end of June, and that CMBS delinquencies were at a record high in July (at 9.88%). This means that work on distressed