CMBS Delinquency Rate at New Post-Crisis Low
[{"id": "eb13hjw", "text": "CMBS Delinquency Rate is a terribly laggy metric. As new product is issued, that rate goes down, even though the old loans may still be just as bad as they were. \n\nAlso, properties/loans can sit in special servicing for anywhere from 1 month to 6 years. Just because a loan is \"in default\", doesn't necessarily mean the property or market is in a distressed state.\n\nUnfortunately, I don't have a better metric to suggest. ", "replies": [], "depth": 1}]