WASHINGTON, DC – Commercial and multifamily mortgage delinquency rates dropped for banks and rose for commercial mortgage backed securities (CMBS) during the first quarter of 2012. 
Delinquency rates also declined for life insurance companies and Fannie Mae during the first quarter, and increased by 0.01 percentage points for Freddie Mac, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
During the first quarter of 2012, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.03 percentage points to 0.14 percent.
The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.22 percentage points to 0.37 percent. The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.13 percentage points to 3.44 percent.
The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac increased 0.01 percentage points to 0.23 percent. The 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) increased 0.29 percentage points to 8.85 percent.
For a complete copy of the company’s news release, please contact:
Matt Robinson, (202) 557-2727
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