Cumulative defaults for fixed-rate U.S. CMBS rose significantly by112 basis points to 10.6% through the end of 3Q10, Fitch Ratings reported in its latest U.S. CMBS newsletter.

"Loans continue to default at a record pace, with large loans driving the trend," said Mary MacNeill, a managing director at Fitch. "Hotel and office properties were the largest contributors to defaults this past quarter."

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