Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S
Lending

Delinquency rates on CRE mortgages fall, but rise on CMBS

Delinquency rates on commercial mortgages, including multifamily loans, declined for banks in the first quarter while rising for commercial mortgage-backed securities, an industry trade group said.

The Mortgage Banker's Association noted in a report that the first quarter 2012 delinquency rate for multifamily mortgages held by Freddie Mac increased 0.01 percentage points to 0.23%, while the 60-plus day delinquency rate for multifamily loans held by Fannie Mae declined 0.22 percentage points to 0.37% in 1Q.

In addition, the 60-plus day delinquency rate for commercial and multifamily mortgages held by life insurance companies declined 0.03 percentage points to 0.14% in the first quarter.

Meanwhile, the 90-plus-day delinquency rate for mortgages held by Federal Deposit Insurace Corp.-insured banks and thrifts fell 0.13 percentage points to 3.44%.

The 30-plus-day delinquency rate for loans held in CMBS increased 0.29 percentage points to 8.85%.

kpanchuk@housingwire.com

Recent Articles by Kerri Panchuk

Comments powered by Disqus