The CMBS delinquency rate dropped sharply in October. The biggest reason for this dip was due to loans being liquidated at a faster pace and leaving the universe of troubled assets, according to a report from TreppWire.

Trepp also reported that the rise for seriously impaired loans also dipped. The percentage of loans seriously delinquent — 60+ days, in foreclosure, REO, or nonperforming balloons — is currently 7.96%, which is a drop of 35 basis points.

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