CMBS

CMBS Delinquencies Rise: Should the Government Step In?

Your resi dq numbers look too low and CRE dq numbers look too high. Check your data source: does the CRE dq include condo construction loans? I think that it is the case.
Your definition on the cost of insuring CMBS is wrong. Please refer to markit.com.
But you made a valid point that there will be issues, especially if the gov. rescue a few asset classes but not CRE. CRE will become the victim of gov. intervention. Since the gov. has started playing God, the love should be spared with the CRE sector as well.