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Fitch Ratings says its rate for overall U.S. commercial mortgage-backed securities delinquencies rose in May from the prior month, on the back of maturity defaults of several large regional mall and office loans.

The May rate climbed nine basis points to 2.42% from 2.33% in April. Retail delinquency rates were up 32 basis points last month, while office delinquency rates were up 26 basis points, according to Fitch.

Office loans accounted for 44% of May’s new delinquencies, at $588 million, while retail loans accounted for 41% of delinquencies, at $536 million. Hotel loans accounted for 11%, or $139 million, the agency says.