The delinquent unpaid balance of securitized commercial mortgage loans continues to shrink dropping to a 12-month low in August, according to Morningstar, while foreclosure activity increases.

The August 2013 Morningstar Credit Ratings CMBS remittance report shows the delinquent UPB balance on these securities dropped to $45.87 billion, which represents 6.16% of the total volume, down from $46.74 billion, or 6.27% in the previous month.

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