WASHINGTON, D.C. (June 8, 2011) - Delinquency rates among different commercial and multifamily mortgage investor groups were mixed in the first quarter of 2011, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) reached the highest level since the series began in 1997, but the climb was slower than in recent quarters. Delinquency rates for other groups remain below levels seen in the last major real estate downturn during the early 1990s -- some by large margins.
Between the fourth quarter of 2010 and first quarter of 2011, the 90+ day delinquency rate on loans held by FDIC-insured banks and thrifts remained the same at 4.18 percent.
To view the complete report, please visit the following Web link: www.mortgagebankers.org/files/Research/CommercialNDR/1Q11CommercialNDR.pdf
For additional information, visit MBA's Web site: www.mortgagebankers.org
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Contact: Matt Robinson, (202) 557-2727, mrobinson@mortgagebankers.org
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