Late payments on U.S. commercial mortgage-backeds fell monthly by another five basis points in December to end the year 5.75%, according to Trepp.

Over the course of the year, delinquencies declined by 168 basis points from 7.43% at the end of 2013. The delinquency rate for U.S. commercial real estate loans in CMBS is now the lowest since November of 2009. 

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