Wednesday, September 11, 2013

Commercial/Multifamily Delinquency Rates Down

Commercial/Multifamily Delinquency Rates Down
In Q2, Commercial and multifamily mortgage delinquency rates fell across all major investor groups in the second quarter, (MBA) reported.

The group’s quarterly analysis examines commercial/multifamily delinquency rates for five of the largest investor groups: commercial banks and thrifts, commercial mortgage-backed securities (CMBS), life insurance companies, Fannie Mae, and Freddie Mac. Those groups together hold more than 80 percent of commercial/multifamily mortgage debt outstanding. During the second quarter, the 60+ day delinquency rate for commercial and multifamily mortgages held in life insurance company portfolios declined 0.01 percentage points to 0.08 percent. Read more...

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