Commercial real estate (CRE) loans on office and multifamily properties got further bludgeoned in October. 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.CMBS are bonds that are sold to institutional investors around the world, such as bond funds, ins ...