Two separate reports add to the growing picture of health that is commercial real estate finance. Both reports--one from the Mortgage Bankers Association, the other from Chandan Economics—show delinquency rates dropping across most categories of loan types. "Improvements in underlying property performance and property values, and the continued availability of commercial and multifamily mortgage financing, led to declines in delinquency rates for every major investor group," said Jaime Woodwell, MBA's Vice President of Commercial Real Estate Research.
MBA reported that delinquency rates for commercial and multifamily mortgage loans continued their decline in the third quarter of 2013, with the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreasing 0.02 percentage points to 0.06%.
Read more...By Any Measure, CRE Default Rates Are Dropping - Daily News Article - GlobeSt.com
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