Late payments on securitized commercial mortgages fell modestly in January, bucking the recent trend.

The Trepp CMBS Delinquency Rate, which had been moving steadily higher for almost a year, is now 5.18%, a drop of five basis points from December. It had climbed steady higher in nine of the previous 10 months as loans from 2006 and 2007 reached their maturity dates and could not be repaid via refinancing.

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.