Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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