Jan. 8 (Bloomberg) -- Deutsche Bank AG expects delinquencies on commercial mortgages that get bundled into bonds to more than double to 3 percent by the end of 2009, the highest rate in more than a decade, the Wall Street Journal reported.

Commercial mortgage-backed securities began to show delinquencies in the underlying loans during the fourth quarter of 2008, according to the newspaper, citing Richard Parkus, head of research on commercial mortgage-backed securities at Deutsche Bank.

Last Updated: January 7, 2009 22:09 EST