Highlights from Realpoint’s February 2011 Delinquency Report

The delinquent unpaid balance stands at $62.42 billion out of a total unpaid balance of $754.27 billion.
The resultant delinquency rate stands at 8.28 percent, just a hair below the high of 8.29 percent reached in December 2010. The delinquency rate rose after falling to 8.21 percent in January.
The unpaid balance for specially serviced CMBS under review increased to $87.57 billion in February down from $90.53 billion in January. It decreased on a net basis by $2.96 billion million and remains below the 12-month high of $91.17 billion in September. Overall,318 new loans were transferred into special servicing during the month.
Special servicing exposure amounts to 11.6 percent of total outstanding CMBS loans.
Almost 83 percent of the delinquent unpaid balance through February 2011 came from transactions issued from 2005 through 2007 with more than 35 percent of all delinquency found in 2006-issued transactions.