Highlights from Trepp’s February 2011 Delinquency Report

• The overall delinquency rate in February rose 5 basis points. The increase was slightly below the 14-basis-point increase posted in January.
• The resultant percentage of loans 30+ days delinquent, in foreclosure or REO is at 9.39 percent, eclipsing the previous high of 9.34 percent posted in January.
• Overall, 8.75 percent of loans are seriously delinquent (60+ days or more past due) up from 8.14 percent six months ago and 5.97 percent one year ago.
• Multifamily remained the sector the highest delinquency rate. The multifamily rate is at 16.61 percent (down from 16.85 percent in January) while the lodging delinquency rate fell to 14.61 percent from 15.08 percent in January. The lodging delinquency rate peaked at 19.33 percent in September. The delinquency rate for industrial properties rose to 10.44 percent from 10.12 percent. It has more than doubled since a year ago when the rate stood at 4.75 percent. The delinquency rate rose for retail properties from 7.72 percent to 7.81 percent and rose for office properties from 6.88 percent to 7.10 percent.

Source: Trepp LLC