CMBS Delinquency January

Commercial Mortgage Backed Securities (CMBC) delinquency rate rose to 9.01% in January.

These are commercial mortgages that are bundled together and sold as packages.

This is one of the major sources of financing for both commercial real estate (office, retail, industrial) and apartments, as I discussed in The Future For Apartments.

This number should continue to rise in the face of the market's euphoria.