Wednesday, September 9, 2015

Mortgage Bankers Reports Commercial/Multifamily Delinquencies Continue Downward Trend in Second Quarter


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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