The second-quarter commercial mortgage default rate more than doubled from a year ago, to 2.88%...

|By:, SA News Editor

The second-quarter commercial mortgage default rate more than doubled from a year ago, to 2.88% of outstanding balances, reports Real Estate Econometrics. Commercial mortgage-backed securities account for 22% of the $3.4T in CRE debt, and defaults on CMBS could pass 7% by year's end, Reis researchers say.