The apartment sector led the way in the drop of commercial mortgage-backed securities delinquencies in April, according to Fitch Ratings. It reported that in general CMBS delinquencies dropped to their lowest level in five years. Multifamily delinquencies dropped from 8.91% in March to 8.38% in April. The office sector’s delinquency rate fell to 8.39% in April, from 8.5% in March.
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