9% of commercial mortgage-backed loans were unpaid in March

04/6/2011 | Wall Street Journal, The

Delinquency rates for commercial mortgage-backed loans have been rising since 2007, and March was a record high of 9.42%, but the rate of growth has slowed. The level of delinquency is even higher among multifamily loans, about 16.2%, as lower real estate prices make it difficult for individuals to make loan payments. There has also been an uptick in loans issued, and about $40 billion in mortgage-backed commercial securities are expected to be issued this year.

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Wall Street Journal, The

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