Skip to main content

Q4 Commercial/Multifamily Mortgage Delinquencies Remain Low

Phil Hall
Mar 07, 2019
Commercial and multifamily mortgage delinquencies stayed at their rock-bottom levels during the fourth quarter of 2018, according to data from the Mortgage Bankers Association (MBA)

Commercial and multifamily mortgage delinquencies stayed at their rock-bottom levels during the fourth quarter of 2018, according to data from the Mortgage Bankers Association (MBA).
 
Working on the unpaid principal balance of loans, the MBA determined that fourth quarter delinquency rates for banks and thrifts was 0.48 percent, unchanged from the third quarter, while life company portfolios had a rate of 0.05 percent, a scant 0.01 percent uptick from the third quarter. Fannie Mae’s rate of 0.06 percent was a 0.01 percent dip from the previous quarter while Freddie Mac’s 0.01 percent rate was unchanged. The rate for commercial mortgage-backed securities was 2.77 percent, a decrease of 0.28 percentage points from the third quarter of 2018.
 
“It’s hard to imagine commercial and multifamily mortgages performing much better than they have recently,” said Jamie Woodwell, MBA’s Vice President of Research and Economics. “Future performance will be largely driven by changes in the economy and how they affect property incomes, property values and the ability of owners to refinance when their loans come due. Currently, all of those factors are favorable.”

 
Published
Mar 07, 2019
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Tech
Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022