-
-
recent posts
archives
- July 2015
- December 2013
- November 2013
- August 2013
- April 2013
- February 2013
- December 2012
- November 2012
- October 2012
- August 2012
- June 2012
- May 2012
- January 2012
- November 2011
- October 2011
- June 2011
- May 2011
- April 2011
- March 2011
- June 2010
- March 2010
- February 2010
- December 2009
- November 2009
- October 2009
- April 2009
- August 2008
categories
- Capital Markets
- Commercial Real Estate
- Completed Transactions
- Economic Recovery
- Innovation
- Landlord Financial Issues
- Lease Renewals
- Loan Delinquencies
- Macro Economy
- Market Statistics
- Misc.
- Never Be Defeated
- New Lease
- Press
- SQUARE FEET
- Sublease
- Sustainability
- Tenant Representation
- Uncategorized
- Workplace Strategy
-
POOR UNDERWRITING CONTINUES
The delinquency rate on commercial mortgages jumped 33 basis points to 3.34 percent last month, according to Credit Suisse Group AG. Payments on $22.4 billion of mortgages were at least 60 days late in September, the report from the financial services firm said, a sharp increase from the same time period a year ago, when $3.2 billion in mortgages were delinquent. Credit Suisse analysts attributed the uptick in delinquencies to poor underwriting on recent loans, as borrowers expected rents on space — particularly retail — to keep rising.