Delinquency rate on commercial mortgages surpasses 6%

01/8/2010 | Wall Street Journal, The

Commercial mortgages delinquent 30 days or more hit 6.07% last month in the U.S., the highest rate since commercial mortgage-backed securities were first marketed, according to data provider Trepp. The rate for November was 5.65%. By the end of 2010, the rate of delinquent commercial mortgages probably will be in the range of 9% to 14%, according to Jefferies & Co.

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