19. CMBS Delinquency Rate Nears All-Time High, Hotel Debt Relief, Takeaways from Bank Stress Tests

At one point during the month of June, it appeared that a new all-time high for CMBS delinquencies would be reached. The final numbers posted at the end of the reporting cycle, however, showed that the 2012 high still remains the peak (for the time being). In this week’s episode, we dig into this month’s delinquency report, potential relief options for hotel owners, takeaways from the Fed’s bank stress tests, green shoots for corporate CLO investors, and the Nathan’s Hot Dog Eating Contest. Episode Notes: Is the glass half empty or half full for the economic recovery? (1:10) CMBS delinquency rate nears all-time high (14:00) Reaction to Barry Sternlicht’s “extreme distress” comments (17:57) Relief for hotel owners? (24:28) Retail headlines of the week (31:26) Takeaways from the Fed’s bank stress tests (34:56) Green shoots for corporate CLO investors (39:44) The Fourth of July hot dog eating contest (43:55)