(Reuters) - Though CMBS loan defaults fell 15% by balance last year to $1.57 billion,
cumulative CMBS loan defaults increased to $13 billion .
Additionally, the cumulative vintage 10-year average default rate is likely
to rise above the current level of 7.88%. 'Loans issued in 2005, 2006 and this
year contain more IO loans and loans that have or allow for additional
subordinate debt that will be especially sensitive to future market downturns,'
said Senior Director Britt Johnson.
Read more at Reuters.com Bonds News
cumulative CMBS loan defaults increased to $13 billion .
Additionally, the cumulative vintage 10-year average default rate is likely
to rise above the current level of 7.88%. 'Loans issued in 2005, 2006 and this
year contain more IO loans and loans that have or allow for additional
subordinate debt that will be especially sensitive to future market downturns,'
said Senior Director Britt Johnson.
Read more at Reuters.com Bonds News
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