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Bubble Trouble!

Commercial Mortgage-Backed Securities

The delinquency rate of office mortgages that have been securitized into commercial mortgage-backed securities (CMBS) spiked to 11.8% in October, the worst ever, and over a percentage point higher than at the peak of the Financial Crisis meltdown, according to data by Trepp , which tracks and analyzes CMBS.

DYI:  So far this meltdown is confined to the commercial real estate sector.  However this does give an insight into the ongoing or should I say the lack of ongoing economy.  This is far more than simply working from home, as the economy continues to deteriorate expect increase vacancies putting further pressure on mortgage payments.