CMBS Delinquencies Fell to Six-Year Low: Fitch

The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, according to Fitch Ratings.

Delinquencies fell by 14 basis points to 4.02% in December, Fitch said in its monthly CMBS report. It ended at 4.62% at the same time last year.

Resolutions in December totaled $8.5 billion. The number of new delinquencies totaled $5.6 billion.

Retail delinquencies fell to 5.2%, 7 basis points lower from November and 17 basis points lower from the same time a year ago. Office delinquencies fell to 4.61%, down 10 basis from the month before and 40 basis points from the year before. Hotel delinquencies fell to 3.82%, down from 4.23% the month before and 6.2% the year before. Industrial delinquencies fell to 3.88% from 4.38% a month before and 5.25% the year before.

Multifamily delinquencies fell to 4.19% from 4.27% in November and 5.22% at the end of 2014. Mixed-use delinquencies fell 26 basis points from a month ago to 2.99%. Mixed use figures from the end of 2014 have not been calculated.