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| Jamie Woodwell |
WASHINGTON, D.C. (Sept. 9,
2015) — Delinquency rates for commercial and multifamily mortgage loans
continued to decline in the second quarter of 2015, according to the Mortgage
Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
“As commercial property
incomes and values continue to climb, and financing remains plentiful, loan
performance continues to improve as well,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate
Research.
“Commercial and multifamily mortgage delinquency
rates were down broadly in the second quarter, with highlights including the
lowest 90+ day delinquency rate on bank-held multifamily loans since the series
began in 1993, and 60+ day delinquency rates below 0.06 percent for loans held
by life companies, Fannie Mae and Freddie Mac.”
The MBA analysis looks at
commercial/multifamily delinquency rates for five of the largest
investor-groups: commercial banks and thrifts, commercial mortgage-backed
securities (CMBS), life insurance companies, Fannie Mae, and Freddie Mac. Together these groups hold more than 80
percent of commercial/multifamily mortgage debt outstanding.
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
(202) 557-2727
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