OREANDA-NEWS. U. S. CMBS delinquencies remained steady last month, according to Fitch Ratings in its latest weekly U. S. CMBS newsletter.

Loan delinquencies increased two basis points (bps) in July to 3.20% from 3.18% a month earlier. The portfolio runoff of $7.6 billion exceeded Fitch-rated new issuance volume of $4.1 billion from four transactions in June, causing a decrease in the overall index denominator.

There was no significant activity in terms of resolutions or new delinquencies in July. In terms of loan count, 76 loans were resolved in July, slightly above the year to date average of 71. New delinquencies of $440 million in July reached the lowest level in 2016 after averaging $755 million per month year to date.

The largest resolution in July was the $31.6 million Lakeside Market asset (MLCFC 2007-6; Retail; Plano, TX), which was disposed with no losses. The largest new delinquency was the $27 million Yankee Candle Company (MLCFC 2007-5; mixed-use property in South Deerfield, MA).


The largest resolution in July was the $31.6 million Lakeside Market asset (MLCFC 2007-6; Retail; Plano, TX), which was disposed with no losses. The largest new delinquency was the $27 million Yankee Candle Company (MLCFC 2007-5; mixed-use property in South Deerfield, MA).The largest resolution in July was the $31.6 million Lakeside Market asset (MLCFC 2007-6; Retail; Plano, TX), which was disposed with no losses. The largest new delinquency was the $27 million Yankee Candle Company (MLCFC 2007-5; mixed-use property in South Deerfield, MA).The largest resolution in July was the $31.6 million Lakeside Market asset (MLCFC 2007-6; Retail; Plano, TX), which was disposed with no losses. The largest new delinquency was the $27 million Yankee Candle Company (MLCFC 2007-5; mixed-use property in South Deerfield, MA).