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| Jamie Woodwell |
WASHINGTON, DC – Delinquency rates for commercial and
multifamily mortgage loans continued to decline in the second quarter of 2014,
according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily
Delinquency Report.
During the second quarter of 2014, the 30+ day delinquency
rate for loans held in commercial mortgage-backed securities (CMBS) decreased
0.45 percentage points to 5.71 percent.
The 60+ day
delinquency rate for multifamily loans held or insured by Fannie Mae was
unchanged at 0.10 percent. The 60+ day
delinquency rate for multifamily loans held or insured by Freddie Mac decreased
0.02 percentage points to 0.02 percent.
The 60+ day delinquency rate for commercial and multifamily
mortgages held in life company portfolios increased 0.03 percentage points to
0.08 percent. The 90+ day delinquency
rate for loans held by FDIC-insured banks and thrifts decreased 0.17 percentage
points to 1.40 percent.
“Commercial and multifamily mortgage performance continues
to strengthen,” said Jamie Woodwell, MBA’s Vice President of Commercial
Real Estate Research.
“Delinquency rates for loans held by life companies, Fannie
Mae and Freddie Mac all remain low, and delinquency rates for CMBS loans
continue to decline. Among loans held
on bank balance sheets, the 30-90 day delinquency rate is now the lowest in the
series history, going back to 1993.”
For a complete copy
of the company’s news release, please contact:
Shawn Ryan
(202) 557-2727
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