The loan resolutions from a single CMBS transaction is behind the 40 basis point drop in delinquencies last month; the largest monthly decrease since the end of the recession, according to the latest monthly index results from Fitch Ratings.

According to Fitch, CMBS late-pays fell last month to 6.78% from 7.18% in June. Leading the fall were ORIX asset sales from the LB-UBS 2007-C2 transaction, which alone accounted for $759 million (in stated loan balance) of dispositions.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.