First CMBS 2.0 Delinquency Recorded

Royal Bank of Scotland researchers have recorded the first delinquency in the new generation of commercial mortgage-backed securities following the crisis, known as CMBS 2.0, reports Reuters.

Royal Bank of Scotland researchers have recorded the first delinquency in the new generation of commercial mortgage-backed securities following the crisis, known as CMBS 2.0. RBS said a $5.2 million loan on the Austin, Texas, regional headquarters of the U.S. Geological Survey that was securitized in the JPMCC 2010-C2 transaction is 30 days delinquent. JPMorgan Chase was the sole underwriter for the transaction.

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