InvestmentsMortgageReal Estate

MBA: Delinquencies remain at rock bottom for commercial/multifamily loans

New report shows that delinquencies remain near 0% for five major investor types

Delinquency rates for commercial and multifamily mortgage loans remain near rock bottom, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.

"Mortgages backed by commercial and multifamily properties continue to perform extremely well," MBA Vice President of Commercial Real Estate Research Jamie Woodwell said in a statement. 

"Delinquency rates are at or near their all-time lows across most capital sources. This continues to be driven by strong property fundamentals, increasing property values, still-low mortgage rates and readily available financing," he added.

The report looks at delinquency rates for five of the largest investor groups: commercial banks and thrifts, commercial mortgage-backed securities, life insurance companies, Fannie Mae and Freddie Mac.

Q1 delinquencies based on unpaid principal balance by group are as follows, according to the report:

  • Banks and thrifts (90 or more days delinquent or in non-accrual) = 0.51%, unchanged from the fourth quarter of 2017.
     
  • Life company portfolios (60 or more days delinquent) = 0.02%, a decrease of 0.01 percentage points from the fourth quarter of 2017.
     
  • Fannie Mae (60 or more days delinquent) = 0.13%, an increase of 0.02 percentage points from the fourth quarter of 2017.
     
  • Freddie Mac (60 or more days delinquent) = 0.02%, unchanged from the fourth quarter of 2017.
     
  • CMBS (30 or more days delinquent or in REO) = 3.93%, a decrease of 0.15 percentage points from the fourth quarter of 2017.

 

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please