CMBS Amortization Type By Loan Vintage

In an earlier post, we noticed that, although the jury is still out, default rates on recent vintages of CMBS seem to be picking up. On the positive side, however, looking at the amortization type of CRE loans shows that interest-only loans, which were all the rage as in residential mortgages, gave way to fully amortizing loans -- a good sign of course.


(Source: Bloomberg, dataforthoughts. Click to enlarge.)