According to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2014.
During the first quarter of 2014, the 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.69 percentage points to 6.16 percent. The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae was unchanged at 0.10 percent. The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.05 percentage points to 0.04 percent. The 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios were unchanged at 0.05 percent. The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.13 percentage points to 1.57 percent.
Read more...Commercial, Multifamily Mortgage Delinquencies Decline in U.S. - WORLD PROPERTY CHANNEL Global News Center