Commercial and Multifamily Mortgage Figures Improve

Washington, DC, March 4, 2014—The performance of commercial and multifamily mortgages continued to improve during the fourth quarter, according to data from the Mortgage Bankers Association (MBA), reports Mortgage Servicing News.

MBA revealed that the 30-day delinquency rate for loans held in commercial mortgage-backed securities declined to 5.11%, down 50 basis points from the previous quarter.

Mortgages guaranteed by Fannie Mae and Freddie Mac, as well as those held by life insurance companies, all have 60 or more day delinquency rates below one-tenth of a percent, said Mortgage Servicing News.

According to MBA data, 60-day delinquencies for both Freddie Mac multifamily loans and life company portfolio portfolios increased, respectively, by one basis point and three basis points, to 0.04% and 0.08%.

Additionally, the 90-day delinquency rate for loans held by FDIC-insured banks and thrifts declined 15 basis points, to 1.14%, Mortgage Servicing News reports.

MBA says that, together these five investor groups hold more than 80% of commercial and multifamily mortgage debt outstanding.