As expected, the delinquency rate on CMBS conduit deals has gone up in January, according to a recent report by Merrill Lynch.

The uptick that was seen over the last month is part of a continuing trend that heated up post-Sept 11. According to the report, delinquency rates have skyrocketed by 50% since September. However, Merrill said that the significant spike in delinquency rates post-WTC was not a surprise.

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