Tuesday, March 13, 2012

Lenders Lose Less on Multifamily Loans, MBA Says via MHNonline

The Mortgage Bankers Association has reported that lenders lost less on multifamily mortgages in 2011 than they did in 2010, another sign of the increasing strength of the multifamily market. In a Research DataNote analyzing year-end data from the FDIC, MBA found that in 2011, banks and thrifts charged off 0.74 percent of their multifamily mortgages, compared with 1.24 percent in 2010.

The charge-off rate for multifamily loans for banks and thrifts was also low in 2011 compared to other kinds of loans. Lenders charged off 0.89 percent of their balance of commercial real estate loans; about 1.43 percent of their one-four family residential loans; 1.25 percent of other (non-credit card) loans to individuals; 3.33 percent of their construction loans; and 5.45 percent of their credit card loans, according to the MBA.

Read more...Lenders Lose Less on Multifamily Loans, MBA Says via MHNonline

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.