CMBS Remittance Reports

Interesting data aggregated over the latest remittance reports on about 45 CMBS deals, about evenly split among 06-1, 06-2, 07-1 and 07-2.

• Serious delinquency for the aggregate deals alarmingly increased again, by 1%, to 47%.
  
• Severity in aggregate stands at a staggering 71.6%, but is down 140 bp from August.
• CDR in aggregate declined by 50bp to 18.8%.
• Cumulative loss is up by 55bp and now reaches a severe 12.2 %.