Cumulative CMBS Defaults Reach 9.48%

Cumulate default rates on fixed-rate conduit U.S. commercial mortgage-backed securities hit 9.48% in June, according to Fitch Ratings.

  • 30 Jul 2010
Cumulate default rates on fixed-rate conduit U.S. commercial mortgage-backed securities hit 9.48% in June, according to Fitch Ratings. Fitch said the 133 basis point second quarter increase was consistent with its forecast of an 11% cumulative default rate by year’s end. Vintage 2007 CMBS loans already have recorded ...

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