Delinquency rates increased in the third quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
The delinquency rate of loans held in commercial mortgage-backed securities that were more than 30 days past due rose 0.17 percentage points to 4.06 percent between the second and third quarters, according to the MBA report. The delinquency rate on multifamily loans held or insured by Fannie Mae that were delinquent 60 or more days rose 0.11 percentage points to 0.62 percent, while the more-than-90-days delinquency rate on multifamily loans held or insured by Freddie Mac remained unchanged at 0.11 percent.
Source: Mortgage Bankers Association
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