The rise in the special servicing rate was tied primarily to the retail and lodging industries and continued a consistent increase in the rate that started in March.
A Moody's Analytics REIS report examines rents as the coronavirus pandemic sent unemployment rates soaring, especially in South Florida's hard-hit tourism market.
The housing market has found stability in a time of crisis because of the interventions in the CARES Act stimulus, unemployment benefits and eviction moratoriums.