Fitch Inc. said its loan delinquency index for commercial mortgage-backed securities rose 25 basis points last month from February, to 1.53%, as a result of declining multifamily and retail property performance.

The woes are expected to continue, especially for newer securities, which typically have loans with less principal paid down and higher exposure to properties that have not stabilized, Susan Merrick, the head of Fitch's U.S. commercial mortgage-backed securities group, said Monday.

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