When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MTGP - CMBS Delinquency Rate Spikes By Most On Record
WisdomTree Mortgage Plus Bond Fund
Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment Tuesday.
The delinquency rate for commercial mortgage-backed securities ((CMBS)) spiked from 2.29% in April to 7.15% in May by loan balance, according to Trepp Wednesday, which tracks securitized mortgages for institutional clients. This month-to-month spike of 481 basis points in the Trepp CMBS Delinquency Rate was the largest in Trepp's data going back to 2009:
This 7.15% delinquency rate is composed of mostly 30-day delinquencies. The way 30-day delinquencies shot to such prominence, far