The commercial mortgage-backed securities delinquency rate improved from October to November, according to Fitch Ratings.
Delinquencies fell by 21 basis points to 4.16% in November, Fitch said in its monthly CMBS report. The total balance of late-pays fell 4.3% to $15.7 billion.
Resolutions in November totaled $1 billion. The number of new delinquencies totaled $325 million.
Retail delinquencies fell 24 basis points to 5.27%, office delinquencies fell 9 basis points to 4.71%, hotel delinquencies fell 34 basis points to 4.23% and industrial delinquencies rose 16 basis points to 4.38%.
Multifamily delinquencies fell 15 basis points to 4.27% and mixed-use delinquencies fell 109 basis points to 2.99%.
