BANK MULTIFAMILY AND COMMERCIAL PROPERTY DEFAULT RATE DROPS TO 2.4 PERCENT, LOWEST SINCE Q1 2009
MORE BANKS HAVE RETURNED TO LENDING. FACING COMPETITION FOR MARKET SHARE, BANKS' APPETITE FOR RISK IS INCREASING
Bank lending on multifamily and commercial properties continues to recover as market and balance sheet conditions improve. New lending is diluting non-performing legacy loans, pushing default rates lower for the eighth consecutive quarter. The apartment default rate is now less than one-third of its peak level during the financial crisis. The construction default rate is less than half its peak.
Read more...Q1 2013 Bank Lending and Default Report | Chandan Economics
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