---
title: Commercial Default News
description: "Commercial Mortgage Default's Rise in Third Quarter 
 
  Monday, November 29, 2010     Source:  Bloomberg   
     
     Bloomberg   reports:  Def"
---

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# Commercial Default News

Posted by [Daniel Jones](https://www.fair-assessments.com/blog/author/daniel-jones) on Nov 30, 2010 5:32:00 PM

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# Commercial Mortgage Default's Rise in Third Quarter

Monday, November 29, 2010   
Source: [Bloomberg](http://www.bloomberg.com/news/2010-11-29/defaults-on-u-s-commercial-mortgages-held-by-banks-rose-in-third-quarter.html)

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[Bloomberg](http://www.bloomberg.com/news/2010-11-29/defaults-on-u-s-commercial-mortgages-held-by-banks-rose-in-third-quarter.html) reports: Defaults on bank-held commercial property-backed mortgages rose in the third quarter to 4.36 percent, up from 3.41 percent one year ago and 4.27 percent by the end of last quarter. Though the default rate encouragingly fell between the first and second quarters of this year, it resumed its climb towards the all-time record rate of 4.55 percent, set in 1992. The one-quarter rise included mortgages totaling $604.1 million. Apartment defaults are tallied separately, but also rose between the second and third quarters, to a record high of 4.67 percent.

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