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CMBS Loan Performance Trends: June 2026
KBRA research examining CMBS loan performance metrics and trends for the specified period.
CMBSCapital MarketsDebt & FinancingUnited States
Updated 1 month ago
Read The industry's own research.
327 items
showing 121–180 of 327
Fitch Ratings announced credit rating upgrades across 14 classes in mortgage-backed securities from Freddie Mac 2016 and 2018 vintage securitizations.
Fitch Ratings affirmed ratings on two securitized trust vehicles: BX 2021-21M and STWD Trust 2021-LIH, indicating continued credit quality in the underlying portfolios.
Fitch Ratings released credit rating actions on Freddie Mac mortgage-backed securities from 2017 vintages, upgrading 26 classes and affirming 95 classes across six transactions.
Fitch Ratings issued a presale on a securitization involving EQT Trust 2026-IND1.
KBRA research examining CMBS loan performance metrics and trends for the specified period.
KBRA analysis of commercial mortgage-backed securities loan performance metrics and trends.
Morningstar DBRS downgraded credit ratings on eight classes of Commercial Mortgage Pass-Through Certificates from GS Mortgage Securities Corporation Trust 2019-GC40.
Morningstar DBRS confirmed credit ratings on five classes of CMBS issued by Citigroup Commercial Mortgage Trust 2015-GC27 and upgraded one class trend to stable from negative.
Morningstar DBRS downgraded credit ratings on five classes of Commercial Mortgage Pass-Through Certificates Series 2019-B12.
Morningstar DBRS examines geopolitical and terrorism risk exposure in global data center infrastructure and its impact on structured finance deals and credit performance.
Morningstar DBRS presents forward-looking credit forecasts spanning multiple sectors and geographic regions for 2026.
Analysis of VAT treatment and implications for servicing fees in European securitised assets following recent EU General Court ruling.
The Trepp CMBS Delinquency Rate decreased by 20 basis points to 7.35% in June 2026, led by a large lodging cure. The five largest newly delinquent loans accounted for $998.9 million of the $2.64 billion in newly delinquent loans, including a super-regional mall in Southern California, a regional mall in New…
Thursday's June jobs report added far fewer positions than expected, and the unemployment rate fell only because the labor force shrank. The report pushed back market pricing for a hike this year, a shift that will test how much weight the Federal Open Market Committee's (FOMC's) hawkish June signals still carry.…
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Moody's CRE Analytics examines commercial real estate sector challenges and outlook through 2026.
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Moody's CRE Analytics examines office loan maturity trends and upcoming refinancing challenges in the commercial real estate market.
Trepp's article curates five research pieces on commercial real estate finance topics relevant to mid-2026, highlighting studies on CMBS issuance, CRE CLO market recovery, office delinquency rates, bank CRE risk assessment, and hard maturity refinancing challenges. The article reports that CRE CLO issuance reached $11.2 billion by early March 2026 (up 34% year-over-year), office CMBS delinquencies hit 12.34% in January 2026, and $76.6 billion in CMBS loans faced hard maturity in 2026 with 36% carrying debt yields at or below 8%.
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Trepp analyzed private-label CMBS exposure across metropolitan areas tied to the original thirteen colonies, finding that New York remains dominant while southern colonies like Georgia and North Carolina have become stronger securitization markets due to multifamily and industrial growth, whereas legacy northeastern markets including Philadelphia and Baltimore face elevated office-related stress. The analysis examined three historic properties currently in CMBS deals: Hotel del Coronado performing strongly with a 57% LTV, 55 Wall Street on the watchlist due to cash flow reporting discrepancies despite full occupancy, and Historic Inns of Annapolis in special servicing with 88% LTV and declining occupancy metrics.
NCREIF publishes quarterly performance data and metrics for the Moderate Yield Debt Index tracking commercial real estate debt returns.
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The Trepp commercial mortgage-backed securities delinquency rate decreased 20 basis points to 7.35% in June 2026, driven primarily by a large lodging cure. Among property types, lodging posted the largest decrease of 79 basis points to 5.22%, while retail increased 30 basis points to 6.91% and multifamily rose 28 basis points to 7.23%, with the five largest newly delinquent loans totaling $998.9 million of $2.64 billion in total newly delinquent loans.
Bank CRE loan originations on balance sheets reached $6.2 billion in Q1 2026, up 23% year-over-year despite geopolitical headwinds including the Iran war, while the overall delinquency rate improved to 1.84% from 1.99% a year earlier. Office markets in Atlanta, Los Angeles, and Washington D.C. continued to show stressed conditions with criticized loan rates above 40%, and Phoenix emerged as the multifamily market leader in criticized loans at 31.8%, though Houston improved as new supply was absorbed.
Morningstar DBRS climate risk assessment tool mapping exposure and vulnerability across European residential mortgage-backed securities.
Morningstar DBRS research on the rating methodology and ongoing monitoring practices for North American commercial mortgage-backed securities with multiple borrower pools.
Morningstar DBRS ranks commercial mortgage servicers across North America, providing performance and competitive positioning data in the CMBS market.
Morningstar DBRS analyzes sensitivity factors for a securitized real estate mortgage investment conduit trust focusing on single-family rental properties.
Morningstar DBRS issued credit rating confirmations on eight classes of multifamily mortgage-backed certificates in the AXMF Re-REMIC Trust 2025-SBRR1 securitization.
Morningstar DBRS confirmed credit ratings on eight classes of multifamily mortgage-backed securities issued by AXMF Re-REMIC Trust.
Comprehensive quarterly data and analysis on commercial real estate and multifamily market metrics from the Mortgage Bankers Association.
Data tracking annual maturity volumes for commercial and multifamily loans, providing insight into debt refinancing cycles and capital market timing.
KBRA publishes a comprehensive update to its Commercial Mortgage-Backed Securities loss analysis and performance data.
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KBRA published an updated compendium of commercial mortgage-backed securities loss data and analysis.
KBRA analysis of commercial mortgage-backed securities loss performance and delinquency trends.
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KBRA's periodic update to its compendium of loss data and performance metrics across commercial mortgage-backed securities.
KBRA's compendium tracking commercial mortgage-backed securities loss performance and default data as of June 2024.
KBRA research compendium tracking commercial mortgage-backed securities loss data and trends as of June 2024.
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KBRA provides an outlook on U.S. CMBS market trends, examining issuance activity and the persistence of loan distress.
KBRA's analysis of resilient foundations and growth trajectory for European structured finance markets.
KBRA examines how tariff uncertainty and related economic pressures may impact structured finance markets and credit conditions.
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KBRA's outlook on European structured finance sector conditions and risk factors for the coming period.
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KBRA assessment of European structured finance sector conditions and performance trajectory for 2023.
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KBRA's sector outlook examines structured finance trends and headwinds across European markets.
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KBRA's sector outlook examining structured finance market conditions and expectations for 2021.
KBRA analysis of commercial mortgage-backed securities market trajectory and expectations for the coming year.
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KBRA's outlook on structured finance market conditions and fundamental principles for the year ahead.
KBRA's structured finance outlook covering market conditions and trends across securitized real estate debt and capital markets instruments.
Fitch Ratings downgraded CSAIL 2020-C19 securities and assigned negative outlooks to eight classes in the securitization.
Fitch Ratings assigned final ratings to a Wells Fargo-sponsored commercial mortgage-backed securities trust.