Highlights from Realpoint’s December 2010 Delinquency Report

• The delinquent unpaid balance stands at $62.32 billion out of a total unpaid balance of $752.25 billion.
• The resultant delinquency rate stands at 8.29 percent, beating the previous high of 8.13 percent posted in November. It is the second monthly increase in a row after the delinquency rate briefly dipped in October.
• The unpaid balance for specially serviced CMBS under review increased to $90.25 billion in December up from $89.65 billion in November. It increased on a net basis by $598 million and remains below the 12-month high of $91.17 billion in September. Overall, 228 new loans were transferred into special servicing during the month.
• Special servicing exposure amounts to 12 percent of total outstanding CMBS loans.
• More than 60 percent of the delinquent unpaid balance through December 2010 came from transactions issued in 2006 and 2007 with more than 31 percent of all delinquency found in 2007-issued transactions. An additional 21 percent of CMBS delinquencies come from 2005. As a result, more than 81 percent of CMBS delinquencies come from 2005 to 2007 vintage transactions.

Source: Realpoint LLC