Reggie Booker, MBA’s associate vice president of commercial real estate research, said in a press release the delinquency rates declined across most major property types and capital sources. “While office and lodging properties continue to face challenges and CMBS delinquency rates remain elevated relative to other lenders, the overall decline in non-current loan balances points to continued stability in the commercial mortgage market,” Booker said. ΔAcross capital sources, loan delinquency rates for commercial mortgage-backed securities were the highest. Among CMBS loan balances, 4.82% were 30 or more days delinquent, down from 5.21% in the previous quarter. Looking at the categories of office, multifamily, lodging, retail, health and industrial, only health showed a slight uptick in delinquency rates.