Finance

Commercial, Multifamily Mortgage Delinquencies Decrease

MBA’s latest survey offers a snapshot of loan performance by the major asset categories.

2021 CMBS Delinquency Rates

After two huge jumps in May and June 2020, the rate has now declined for 10 consecutive months.

2021 Special Servicing Rates

The Trepp CMBS Special Servicing Rate declined by 40 basis points in April–the largest improvement in the monthly reading during the coronavirus market crisis–to 9.0 percent.

Commercial/Multifamily Mortgage Debt Rises at the End of 2020

Amid the pandemic and led by multifamily lending, mortgage debt outstanding closed 2020 higher than the pre-pandemic levels seen at the end of 2019.

Mortgage Delinquency Affected by the Pandemic, Impact Differs by Property Types

After a slight deterioration at the end of 2020, commercial and multifamily mortgage performance improved for the second straight month in February.

Commercial/Multifamily Lending to Increase 11% to $486 Billion in 2021

MBA is forecasting for commercial and multifamily mortgage bankers to close $486 billion of loans backed by income-producing properties in 2021.

Commercial/Multifamily Lending to Fall 34% in 2020

MBA expects commercial and multifamily mortgage bankers to close $395 billion of loans backed by income-producing properties, a 34 percent decline from 2019's record volume of $601 billion.

2020 CMBS Delinquency Rates

The Trepp CMBS delinquency rate logged its fifth consecutive monthly decline following two large jumps in the reading in May and June of this year.

2020 Special Servicing Rates

The Trepp CMBS Special Servicing rate saw a reduction of 12 basis points in November coming in at 10.2 percent, in comparison to 10.3 percent in October.

Commercial/Multifamily Borrowing Falls in Q3

Compared to last year’s third quarter, commercial and multifamily originations were 47 percent lower.

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