WASHINGTON, DC - Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. "Commercial/multifamily mortgage delinquency rates for four of five major investor groups - banks, life insurance companies, Fannie Mae and Freddie Mac - declined in the second quarter and remain below levels seen in the last major real estate downturn during the early 1990's, some by large margins," said Jamie Woodwell (top right photo) MBA's Vice President of Commercial Real Estate Research.
"The delinquency rate for loans held in CMBS continued to rise during the second quarter and reached the highest level since the series began in 1997, although the rate of increase continues to moderate."
To view the report, please visit the following Web link: www.mortgagebankers.org/files/Research/CommercialNDR/2Q11CommercialNDR.pdf.
CONTACT: Matt Robinson. (202) 557-2727, mrobinson@mortgagebankers.org
No comments:
Post a Comment