{"id":14163,"date":"2026-06-01T22:22:00","date_gmt":"2026-06-01T20:22:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=c68ef83ba1013a3751104a7ffdc44f3b"},"modified":"2026-06-01T22:22:00","modified_gmt":"2026-06-01T20:22:00","slug":"kbra-releases-research-cmbs-loan-performance-trends-may-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=14163","title":{"rendered":"KBRA Releases Research \u2013 CMBS Loan Performance Trends: May 2026"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the May 2026 servicer reporting period. The 30+ day delinquency rate among KBRA-rated U.S. private label CMBS increased 8 basis points (bps) to 7.7% in May from 7.6% in April, while the distress rate (reflecting delinquent plus current-but-specially-serviced loans) declined 17 bps.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601675632\/en\/2820521\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601675632\/en\/2820521\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601675632\/en\/2820521\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601675632\/en\/2820521\/21\/kbra-logo.jpg\" \/><\/a><p>\nAfter reaching double digits last month, the multifamily delinquency rate dropped 110 bps, partly due to the $195.9 million 20 Broad Street loan in HAMLET 2020-CRE1 becoming current after being 30+ days delinquent last month. Fourteen other multifamily loans became current in May, with balances ranging from $2.8 million to $43.9 million.<\/p><p>\nKey observations of the May 2026 performance data are as follows:<\/p><ul class=\"bwlistsquare\">\n<li>\nThe overall delinquency rate increased 8 bps to 7.7% ($25.7 billion) month-over-month (MoM), and 22 bps year-over-year (YoY), driven by a continued uptick in conduits, despite declines in single borrower (SB)\/large loan (LL).<\/li>\n<li>\nThe distress rate continued its yearlong downward trend, with the current month\u2019s rate of 10% ($33.7 billion) representing a 17-bp MoM and 86-bp YoY decline. This trend was influenced by the combination of a largely stable conduit rate and a declining SB\/LL rate.<\/li>\n<li>\nThe office distress rate declined 55 bps to 17% this month following the return to master servicing of One New York Plaza ($810 million in ONYP 2020-1NYP). The loan was modified and extended to January 2028 in exchange for a $25 million principal paydown. 215 West 125th Street ($33 million in JPMBB 2015-C30) also returned to the master servicer in May.<\/li>\n<li>\nThe multifamily delinquency rate improved 110 bps after reaching double digits last month, primarily driven by the $195.9 million 20 Broad Street loan in HAMLET 2020-CRE1 becoming current after being 30+ days delinquent. Additionally, 14 other loans became current in May, with balances ranging from $2.8 million to $43.9 million.<\/li>\n<\/ul><p>\nIn this report, KBRA provides observations across our $345.4 billion rated universe of U.S. private label CMBS, including conduits, single-asset single borrower (SASB), and LL transactions.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FtZZFCgWb&amp;esheet=54545592&amp;newsitemid=20260601675632&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=5f60edae4465e7166b89848b92b86672\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Recent Publications<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FxYbxqdWH%2F2026-u.s.-cmbs-outlook-issuance-momentum-builds-loan-distress-remains-elevated&amp;esheet=54545592&amp;newsitemid=20260601675632&amp;lan=en-US&amp;anchor=2026+U.S.+CMBS+Outlook%3A+Issuance+Momentum+Builds%3B+Loan+Distress+Remains+Elevated&amp;index=2&amp;md5=9b936d7f78ca894b21c4728001840939\" rel=\"nofollow\" shape=\"rect\">2026 U.S. CMBS Outlook: Issuance Momentum Builds; 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KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.<\/p><p>\nDoc ID: 1015273<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nShawn Li, Senior Analyst\n<br\/>+1 646-731-1427\n<br\/><a  href=\"mailto:shawn.li@kbra.com\" rel=\"nofollow\" shape=\"rect\">shawn.li@kbra.com<\/a><\/p><p>\nRobert Grenda, Managing Director\n<br\/>+1 215-882-5494\n<br\/><a  href=\"mailto:robert.grenda@kbra.com\" rel=\"nofollow\" shape=\"rect\">robert.grenda@kbra.com<\/a><\/p><p>\n<strong>Business Development Contact<\/strong><\/p><p>\nAndrew Foster, Director\n<br\/>+1 646-731-1470\n<br\/><a  href=\"mailto:andrew.foster@kbra.com\" rel=\"nofollow\" shape=\"rect\">andrew.foster@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the May 2026 servicer reporting period. The 30+ day delinquency rate among KBRA-rated U.S. p&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14163","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14163"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14163\/revisions"}],"predecessor-version":[{"id":14164,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14163\/revisions\/14164"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}