{"id":1004195859,"date":"2017-11-01T10:39:52","date_gmt":"2017-11-01T18:39:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195859"},"modified":"2022-12-08T19:14:08","modified_gmt":"2022-12-09T03:14:08","slug":"delinquency-rate-improves-for-third-straight-month","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/delinquency-rate-improves-for-third-straight-month\/","title":{"rendered":"Delinquency Rate Improves for Third Straight Month"},"content":{"rendered":"<p>By Steve Jellinek<\/p>\n<div id=\"attachment_1004195862\" style=\"width: 810px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/CMBS-Research-Delinquency-Report-September-2017-3.gif\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004195862\" data-attachment-id=\"1004195862\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/delinquency-rate-improves-for-third-straight-month\/cmbs-research-delinquency-report-september-2017-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/CMBS-Research-Delinquency-Report-September-2017-3.gif\" data-orig-size=\"1582,1141\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CMBS-Research&#8212;Delinquency-Report-September-2017-3\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Morningstar Credit Ratings, LLC&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/CMBS-Research-Delinquency-Report-September-2017-3.gif?w=1024\" class=\"wp-image-1004195862\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/CMBS-Research-Delinquency-Report-September-2017-3.gif\" alt=\"Source: Morningstar Credit Ratings, LLC\" width=\"800\" height=\"577\" \/><\/a><p id=\"caption-attachment-1004195862\" class=\"wp-caption-text\">Source: Morningstar Credit Ratings, LLC<\/p><\/div>\n<p>The delinquency rate in September improved for the third consecutive month, easing eight basis points to 2.94 percent. The delinquency rate is up just four basis points from a year ago, but it is down six basis points in the year to date. Morningstar Credit Ratings believes the delinquency rate will hold below 3.0 percent after reaching an 18-month high of 2.19 percent in June, as there are fewer securitized commercial mortgages left that we expect will default at maturity, resolutions remain high and issuance has picked up.\u00a0<\/p>\n<p><em>Steve Jellinek\u00a0 is vice president of CMBS Research at Morningstar Credit Ratings. Commentary originally appeared in\u00a0Morningstar Credit Ratings\u2019 September 2017 <a href=\"https:\/\/ratingagency.morningstar.com\/PublicDocDisplay.aspx?i=q8%2f5hoEvAsk%3d&amp;m=i0Pyc%2bx7qZZ4%2bsXnymazBA%3d%3d&amp;s=LviRtUKXqs8kml5dHt7FTeE2SZmY0Fvqd4iX49Mk%2f9UapyiFTEO6TA%3d%3d\" target=\"_blank\" rel=\"noopener noreferrer\">CMBS Delinquency Report<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The delinquency rate declined to 2.94 percent in September, up just four basis points from a year ago, according to Morningstar Credit Ratings.<\/p>\n","protected":false},"author":1693,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891],"tags":[38161],"class_list":["post-1004195859","post","type-post","status-publish","format-standard","hentry","category-national","tag-morningstar-credit-ratings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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