European CMBS loan defaults have continued to increase with 10 loans that defaulted in Q210, bringing the total at the end of the quarter to 8.7%.

According to Fitch Ratings, the fastest growing category of defaulted loans are those that reached their scheduled maturity dates and failed to make their balloon payments. Fitch expects maturity defaults to grow over coming quarters as the majority of loans continue to fail to make their balloon repayments.

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