Washington, DC (March 5, 2013) – An analysis of data from
the Federal Deposit Insurance Corporation (FDIC) shows that commercial and
multifamily mortgages fared better through the credit crunch and recession than
any other major type of loan held by banks and thrifts, according to a DataNote
released today by the Mortgage Bankers Association (MBA).
Analyzing year-end
2012 data from the FDIC, MBA found that throughout the credit crunch and
recession, commercial and multifamily mortgages had delinquency rates lower
than the average delinquency rate for banks’ overall books of loans and leases,
and that the charge-off rates for commercial and multifamily mortgages were
lower than for any other major loan type held by commercial banks and thrifts.
“Commercial and
multifamily mortgages were a net positive for banks and thrifts through the
credit crunch and recession,” said Jamie Woodwell, MBA’s Vice President
of Commercial Real Estate Research.
“The amount of
credit extended by banks stayed relatively constant during the recession, the
delinquency rates for commercial and multifamily mortgages remained relatively
subdued, and banks and thrifts saw far less in charge-offs for their commercial
and multifamily mortgages than they did for other loan types.”
For a complete
copy of the company’s news release, please contact:
Matt Robinson,
(202) 557-2727
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