Skip to main content

Q1 Commercial and Multifamily Delinquency Rates Stay Low

Phil Hall
Jun 10, 2019
Photo credit: Getty Images/ST-art

The delinquency rates on the commercial and multifamily mortgage sectors remained low during the first quarter, according to new data from the Mortgage Bankers Association (MBA).
 
Based on the unpaid principal balance (UPB) of loans, delinquency rate for banks and thrifts was 0.48 percent, unchanged from the fourth quarter of 2018, while the rate for life company portfolios was 0.04 percent, a decrease of 0.01 percentage points from the fourth quarter Fannie Mae’s delinquency rate of 0.07 percent was a scant 0.01 percent uptick from the previous quarter and Freddie Mac’s 0.03 percent rise was only 0.02 percent. The CMBS delinquency rate of 2.61 percent was a 0.16 percent quarter-over-quarter drop.
 
“Steady U.S. economic growth continues to support the financing and values of commercial and multifamily properties,” said Jamie Woodwell, MBA’s vice president of commercial research & economics. “Commercial/multifamily mortgage delinquencies remain at or near record lows for most capital sources, and it’s hard to imagine loans performing better than they currently do. Given the environment, there’s little reason to expect a marked deterioration of near-term performance.”

 
Published
Jun 10, 2019
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022
Fidelity National Names New HR Chief

Melissa Circelli previously held same position at Black Knight.

Industry News
Sep 23, 2022
Ruoff Mortgage Lays Off Nearly 5% Of Staff

Company announced the layoffs Sept. 16, citing 'economic conditions.'

Career
Sep 21, 2022
SPS Acquires Rushmore Loan Management Services

The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts.

Industry News
Sep 19, 2022
Fannie Mae Names New EVP, Chief Risk Officer

Former Morgan Stanley exec has nearly 30 years of risk management experience.

Industry News
Sep 15, 2022
Planet Home Lending Expands Operations In N.Y.

Mortgage vets Michael Cabales and Mike Titiyevsky to lead expansion effort in NYC metro area.

Industry News
Sep 13, 2022