The Mortgage Bankers Association continues to delivers good-and increasingly, routine-news about commercial and multifamily mortgage loans. Delinquency rates for these loans continued to decline in the fourth quarter of 2013, according to its Commercial/Multifamily Delinquency Report.
The reason is simple-and a continuing theme for the industry: Rising property incomes and values continue to boost the performance of these loans, according to Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. "Commercial and multifamily mortgages performed relatively well during the downturn, and for most investor groups delinquency rates are now back in the lower end of their historical range," he says in a prepared statement.
Read more...Delinquency Rates Still Falling for CRE Mortgage Loans - Daily News Article - GlobeSt.com
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