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IPFS News Link • Economy - Economics USA

Commercial Mortgage Backed Security Delinquencies Hit New Record

Notably, over 10% of total CMBS exposure in the states of Florida, Arizona, Nevada and Michigan are delinquent, with the Phoenix, AZ and Las Vegas, NV MSAs accounting for the top 2 by delinquency exposure at (14% and 14.5% of the MSAs, respectively).