American City Business Journal: “Delinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high of almost $29 billion, according to Realpoint Research. California led the nation with the highest amount of delinquent loans, closely followed by Texas and Florida. The jump in late loans across the country is up an “astounding” 585 percent from a year ago when just $4 billion were delinquent, reported the Horsham, Penn.-based research firm. The low point for delinquency was March 2007 when $2 billion was delinquent. Realpoint reported that the total unpaid balance for all commercial backed mortgage securities pools under review by the firm was $817 billion in June, down slightly from $825 billion in May as a result of a delay in reporting some deals. The three states with the most delinquent loans accounted for more than a quarter of the unpaid balances. Realpoint said California with almost $3 billion in delinquent loans, or 10 percent of the exposure, and Texas with $2.5 billion, or 9 percent of all delinquencies, “remain a major concern.” In California, the delinquent properties are spread across the state, compared to Texas where the problems are located mainly in Dallas-Fort Worth.”