{"id":1004021960,"date":"2010-07-30T08:20:53","date_gmt":"2010-07-30T16:20:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004021960"},"modified":"2022-12-01T20:14:29","modified_gmt":"2022-12-02T04:14:29","slug":"fitch-cmbs-cumulative-defaults-up-to-9-5-percent","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fitch-cmbs-cumulative-defaults-up-to-9-5-percent\/","title":{"rendered":"Fitch Says CMBS Cumulative Defaults Up to 9.5 Percent"},"content":{"rendered":"<p>July 30, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p>Fitch Ratings is reporting that defaults on fixed-rate conduit U.S. CMBS loans are continuing at a record pace, with cumulative defaults rising to 9.5 percent through June 2010.<\/p>\n<p>According to Fitch, the 133-basis-point climb from the first quarter is consistent with the firm\u2019s expectation of an 11 percent cumulative default rate by the end of the year.<\/p>\n<p>\u201cNot surprisingly,\u201d the firm wrote in a report on Friday, \u201crecent vintages are driving the pace of defaults. \u2026 Loans are considered defaulted if they have been reported 60+ days delinquent at least once.\u201d<\/p>\n<p>Fitch managing director Mary MacNeill said in the report that large, highly leveraged loans are adding to the rising rate of defaults, with 14 loans greater than 100 million defaulted in 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Fitch, the 133-basis-point climb from the first quarter is consistent with the firm&#8217;s expectation of an 11 percent cumulative default rate by the end of the year.<\/p>\n","protected":false},"author":936,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,37753,21742],"tags":[],"class_list":["post-1004021960","post","type-post","status-publish","format-standard","hentry","category-finance","category-research-center-finance","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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