Warren calls for GAO investigation of nonbank servicers

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
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