Commercial mortgage-backed securities servicers have held on to real-estate owned properties for longer than usual, according to Fitch Ratings. That means liquidations of loans, which have been declining recently, could start increasing.

In 2014, aggregate losses for servicers from REO liquidation fell to 49% from 54% the year prior, including sales at foreclosure. Despite this trend, aggregate losses could rise due to the advanced age of the REO assets that remain in special servicing, Fitch said in its latest newsletter released March 23.

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