Mortgage Bankers Association Reports Commercial/Multifamily Delinquencies Continue Decline in Third Quarter

 

Jamie Woodwell

Washington, DC (Dec. 2, 2014) – Delinquency rates for commercial and multifamily mortgage loans continued to decline in the third quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

“Commercial and multifamily mortgage loans continue to perform well,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

 “Improving property fundamentals and values, as well as a strong finance market, are helping drive delinquency rates down across all investor groups. 

“The 90+ day delinquency rate for bank-held commercial and multifamily mortgages fell to 1.28 percent in the third quarter of 2014, a level last seen in early 2008 at the beginning of the credit crisis. 

“The delinquency rate for multifamily loans held by banks has not been this low, 0.5 percent, since 2006.”

For a complete copy of the company’s news release, please contact:

Shawn Ryan

sryan@mba.org

(202) 557-2727