NEW YORK--(BUSINESS WIRE)--Increased volatility in the office and retail sectors have led to a two basis point (bp) increase in U.S. CMBS delinquencies to 0.41% in June, according to the latest Fitch Ratings loan delinquency index. While overall delinquencies increased only mildly for the fifth consecutive month, the retail and office sectors led the index with net increases of $70.5 million and $62.2 million, respectively. Fitch maintains that the retail sector remains under pressure. 'An increase in retail bankruptcies and a continued decline in consumer disposable income are evident, though they have yet to impact retail performance,' said Susan Merrick, Managing Director. Retail loan delinquencies increased 25.7% month-over-month, due to the addition of 15 newly delinquent loans located across 12 different states. Loans...
[read full story]
Your Web Site
