{"id":57028,"date":"2009-12-01T08:54:00","date_gmt":"2009-12-01T13:54:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/cmbs-update-326-billion-in-october-delinquencies-504-yoy-increase-2009-12"},"modified":"2009-12-01T08:54:00","modified_gmt":"2009-12-01T13:54:00","slug":"cmbs-update-32-6-billion-in-october-delinquencies-504-yoy-increase","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/57028","title":{"rendered":"CMBS Update: $32.6 Billion In October Delinquencies (504% YoY Increase)"},"content":{"rendered":"<p>The October delinquent loan balance of $32.55 billion is a 504% increase from the $5.39 in October 2008. Additionally, RealPoint presents a scenario in which the delinquencies in June 2010 would hit $65 billion (8.3% total delinquency rate): <strong>a doubling from the most recent level and unprecedented pain for any form of CRE exposure. <\/strong><\/p>\n<p style=\"padding-left: 30px;\">In October 2009, the delinquent unpaid balance for CMBS increased slightly to $32.55 billion from $31.73 billion a month prior. <strong>Such delinquent unpaid balance is up an astounding 504% from one-year ago<\/strong> (when only $5.39 billion of delinquent balance was reported for October 2008), and is now over 14 times the low point of $2.21 billion in March 2007. An increase in four of five delinquent loan categories was noted in September, with a decline experienced in the 60-day bucket. Despite such decline, the distressed 90+-day, Foreclosure and REO categories grew in aggregate for the 23rd straight month &ndash; up by $2.36 billion (12%) from the previous month and over $18.77 billion (572%) in the past year (up from only $3.283 billion in October 2008).<\/p>\n<h2 style=\"padding-left: 30px;\"><strong><a href=\"http:\/\/www.zerohedge.com\/article\/realpoint-october-cmbs-update-326-billion-october-delinquencies-504-yoy-increase-forecasts-6\">Read the whole post at Zero Hedge &gt;&gt;<\/a><\/strong><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/cmbs-update-326-billion-in-october-delinquencies-504-yoy-increase-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/albany-woman-closes-down-cafe-to-pursue-real-estate-career-2009-11\">Albany Woman Closes Down Successful Cafe To Pursue Opportunities In Distressed Commercial Real Estate<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/with-cheap-rents-and-vacancies-manhattan-is-about-to-be-overrun-with-7-elevens-2009-12\">With Cheap Rents And Vacancies, Manhattan Is About To Be Overrun With 7-Elevens<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/relentless-worsening-in-commercial-real-estate-deliquencies-2009-11\">Relentless Worsening In Commercial Real Estate Delinquencies<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/jYIUhfH6x-A\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The October delinquent loan balance of $32.55 billion is a 504% increase from the $5.39 in October 2008. Additionally, RealPoint presents a scenario in which the delinquencies in June 2010 would hit $65 billion (8.3% total delinquency rate): a doubling from the most recent level and unprecedented pain for any form of CRE exposure. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-57028","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=57028"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57028\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=57028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=57028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=57028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}