Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Lending / The Ticker

Commercial/multifamily delinquencies buoyed by rising property values

medical and money

Commercial and multifamily delinquency rates continued to decline in the fourth quarter of 2013, the latest Mortgage Bankers Association Commercial/Multifamily Delinquency report found.

The 60+ day delinquency rate for commercial and multifamily mortgages held in life portfolios dipped .01 percentage points to .05%, while the 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac increased 0.04 percentage points to 0.09%.

In comparison, the 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae fell .08 percentage points to .10%. The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts declined 0.25 percentage points to 1.70%.

In addition, the 30+ day delinquency rate for loans held in commercial mortgage-backed securities decreased 0.66 percentage points to 6.97%. 

“Rising property incomes and values continue to boost the performance of commercial and multifamily mortgage loans,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. 

“Commercial and multifamily mortgages performed relatively well during the downturn, and for most investor groups delinquency rates are now back in the lower end of their historical range,” Woodwell continued. 

Recent Articles by Brena Swanson

Comments powered by Disqus