Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
InvestmentsMortgageMultifamily

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

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please