Big Short Redux CMBS Style, Top AAA-rated CMBS Experienced $40 Million Loss In May (First Time Since 2008 Financial Crisis)

#bubble, #inflation, CMBS, CRE, Credit, ECB, Economy, fannie mae, Fed, Freddie Mac, GDP, Housing, Inflation, New Home Sales, Powell, REITs, Silver, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

Is this The Big Short, CMBS style?

The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years.

The delinquency rate of office CMBS loans has QUADRUPLED in 1.5 years.

Delinquencies are currently rising at a faster pace than during the 2008 Financial Crisis.
A top AAA-rated CMBS experienced a $40 million loss in May for the first time since the 2008 Financial Crisis.

While not an office, Edward Hopper painted some great real estate properties!

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