Downward Bound

(CMBS delinquencies by property type; $ in billions)

Source: Standard & Poor’s, www.standardandpoors.com, Larry Kay, 212-438-2504

Source: Standard & Poor’s, www.standardandpoors.com, Larry Kay, 212-438-2504

 

(CMBS delinquencies, 30-plus days and REO)

Source: Mortgage Bankers Association

Source: Mortgage Bankers Association