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MBA: Delinquencies stay at all-time low for business/multifamily loans | 2018-06-15

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Delinquency rates for business and multifamily mortgage loans stay close to all-time low, in line with the Mortgage Bankers Affiliation’s newest Industrial/Multifamily Delinquency Report.

“Mortgages backed by business and multifamily properties proceed to carry out extraordinarily effectively,” MBA Vice President of Industrial Actual Property Analysis Jamie Woodwell stated in an announcement. 

“Delinquency rates are at or close to their all-time lows throughout most capital sources. This continues to be pushed by robust property fundamentals, rising property values, still-low mortgage rates and available financing,” he added.

The report seems at delinquency rates for 5 of the biggest investor teams: business banks and thrifts, business mortgage-backed securities, life insurance coverage corporations, Fannie Mae and Freddie Mac.

Q1 delinquencies based mostly on unpaid principal stability by group are as follows, in line with the report:

  • Banks and thrifts (90 or extra days delinquent or in non-accrual) = 0.51%, unchanged from the fourth quarter of 2017.
     
  • Life firm portfolios (60 or extra days delinquent) = 0.02%, a lower of 0.01 proportion points from the fourth quarter of 2017.
     
  • Fannie Mae (60 or extra days delinquent) = 0.13%, a rise of 0.02 proportion points from the fourth quarter of 2017.
     
  • Freddie Mac (60 or extra days delinquent) = 0.02%, unchanged from the fourth quarter of 2017.
     
  • CMBS (30 or extra days delinquent or in REO) = 3.93%, a lower of 0.15 proportion points from the fourth quarter of 2017.

 

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