Problems with commercial real estate sent commercial mortgage bond delinquencies higher in December, according to Fitch Ratings that warned that the number of problem loans will only increase over the next two years.

Fitch said on Monday that defaults among all property types led to a 42 basis point increase in U.S. CMBS delinquencies to close out 2009 at 4.71%, according to the credit rating agency’s latest loan delinquency index results.

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