There’s a good and bad news scenario in loans according to a CRED iQ report. Across Freddie Mac, Fannie Mae, Ginnie Mae, CRE CLO, and CMBS, both conduit and single-borrower large loan deal types, distress dropped for the first time in five months. The drop was 70 basis points, landing at 10.8% and breaking a streak of four consecutive record highs. However, office distress hit a new high of 19.3%. 

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