Tuesday, March 5, 2013

MBA DataNote: Commercial and Multifamily Mortgages Banks’ Best Performing Loans and Leases through Credit Crunch and Recession


                                     
 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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