The U.S. CMBS delinquency rate increased eight basis points (bps) to 2.00% in August from 1.92% in July. Contributing to the fourth consecutive month’s increase were new mixed-use and regional mall delinquencies, alongside continued office delinquencies. New 60+ day delinquency volume increased to $848 million in August from $816 million in July. Mixed-use and retail each contributed 30% to the new delinquencies in August, while office accounted for 20%. Term defaults ($544 million) comprised 64% and maturity defaults ($304 million) accounted for 36%. The four largest new delinquencies included Westfield San ... (full story)