Highlights from Trepp’s June 2011 Delinquency Report

• The overall delinquency rate in June fell 23 basis points to 9.37 percent and are down two months in a row from a high of 9.65 percent in April.
• Overall, 8.75 percent of loans are seriously delinquent (60+ days or more past due) up from 8.33 percent six months ago and 7.83 percent one year ago.
• Multifamily remained the sector the highest delinquency rate. The multifamily rate is at 16.48 percent (down from 16.71 percent in May) while the lodging delinquency rate fell to 13.87 percent from 15.37 percent in May. The lodging delinquency rate peaked at 19.33 percent in September. The delinquency rate for industrial properties fell to 11.68 percent from 11.96 percent. It has nearly doubled in the past year from a rate of 5.48 percent. The delinquency rate fell for retail properties from 7.94 percent to 7.82 percent and rose for office properties from 7.23 percent to 7.35 percent.

Source: Trepp LLC