Tuesday, June 5, 2012

Commercial Delinquencies Falling, Except for CMBS via American Banker Article

Commercial and multifamily mortgage delinquency rates fell in the first quarter of 2012 for most of the top investor groups except one: commercial mortgage-backed securities.

According to figures compiled by the Mortgage Bankers Association and released Tuesday, loans included in commercial mortgage-backed securities had an 8.85% delinquency rate at the end of March, compared to 8.56% at yearend. However, a year ago 8.86% of loans included in these securities were delinquent.

The delinquency rate for mortgage-backed securities covers mortgages that are 30 or more days late, including those in foreclosure and real-estate owned properties.

Read more...Commercial Delinquencies Falling, Except for CMBS - American Banker Article

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