Commercial, Multifamily Delinquency Rates Down In Q4 2012

Posted by Orb Staff on March 05, 2013 No Comments
Categories : Commercial Mortgage

13415_cre_blueish Commercial, Multifamily Delinquency Rates Down In Q4 2012 Delinquency rates continued to decline for commercial and multifamily mortgage loans in the fourth quarter of 2012, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

During the fourth quarter of 2012, the 60-plus day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.04 percentage points to 0.08%. The 60-plus day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.08 percentage points to 0.19%.

The 60-plus day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.04 percentage points to 0.24%. The 90-plus day delinquency rate for loans held by federally insured banks and thrifts decreased 0.32 percentage points to 2.62%. The 30-plus day delinquency rate for loans held in commercial mortgage-backed securities decreased 0.13 percentage points to 8.73%.

‘The continued decline is being driven by improving property fundamentals and a strong finance market,’ says Jamie Woodwell, the MBA's vice president of commercial real estate research.

Register here to receive our Latest Headlines email newsletter




Leave a Comment