California Commercial Mortgage Defaults Triple; Still Very Low
August 1, 2008
The CMBA (California Mortgage Bankers Association) released its latest number. The data covered 10,794 properties and found that only 7 were delinquent beyond 30 days. The default rate, .06% is triple what it was last quarter, but still only represents a small number of properties.
In August of 2007, the CMBA Index hit a 5-year low [...]