Commercial And Multifamily Delinquencies Dip In October – NMP Skip to main content

Commercial And Multifamily Delinquencies Dip In October

Nov 03, 2020
Multifamily property
Director of Events

The Mortgage Bankers Association's monthly CREF Loan Performance Survey reported a decline in commercial and multifamily properties in October 2020.

"Commercial and multifamily mortgage performance improved in October, but there continues to be evidence of elevated stress, especially among loans backed by retail and lodging properties," said Jamie Woodwell, MBA's vice president of Commercial Real Estate Research. "The share of loans becoming newly delinquent fell again in October, but a larger share of non-current loans shifted to later-stage delinquencies. In essence, fewer loans are becoming delinquent, but those that are delinquent show fewer signs of curing."

According to the report, fewer loans became delinquent in October with 3.4% being 90 days or more delinquent or in REO, down from 3.5% in September. Loans 30-60 days delinquent and less both saw declines.

"Loans backed by lodging and retail properties continue to see the greatest stress, with a higher share of non-current loan balances entering late-stage delinquency," according to the report.

"The overall share of lodging and retail loan balances that are delinquent fell again in October."

Click here to view the full report.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Nov 03, 2020
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026