Delinquencies Down for Commerical, Multifamily

Washington, DC, March 6, 2013 -- Delinquency rates continued to decline for commercial and multifamily mortgage loans in the fourth quarter, according to the Mortgage Bankers Association.

“The delinquency rates for commercial and multifamily mortgages dropped again in the fourth quarter,” said Jamie Woodwell, MBA’s vice president of commercial real estate research.

“The continued decline is being driven by improving property fundamentals and a strong finance market.”

During the fourth quarter of 2012, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.04 percentage points to 0.08%.

The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac decreased 0.08 percentage points to 0.19%.

The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.04 percentage points to 0.24%.


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