Finance (Research Center)
Bank Multifamily Lending Down in 2017
Multifamily lending activity last year is likely to total just under $60 billion, compared to $87 billion in 2016, according to a Mortgage Bankers Association analysis.
Commercial and Multifamily Mortgage Flows
With only a few exceptions, since 2008, the balance of commercial and multifamily mortgages held in CMBS has declined each quarter.
CMBS Deliquency
The delinquency rate in September improved for the third consecutive month, easing eight basis points to 2.9 percent.
CMBS Delinquencies
With historic flooding from Hurricane Harvey to Harris County (Houston and its surrounding suburbs) we reviewed the S&P Global Delinquent exposure.
Total Delinquencies Drop in August
The overall delinquency rate for CMBS fell to 9.33 percent ($14.1 billion) in August, according to S&P Global Ratings data.
CMBS Delinquencies
The total delinquent balance fell for multifamily ($-38m, $484.1m), lodging (-$134m, $1.2b), office (-$122m, total $5.3b), industrial (-$59m, $1b), and rose for retail ($61m, $5.6b).
CMBS Delinquencies
Delinquencies continued to drop year-over-year as of June 2017, except for the lodging sector, which increased by $1 million.
Delinquencies on the Rise in June
The total number of delinquencies has continued to climb since the beginning of the year, hitting $15.2 billion as of June 2017, according to S&P Global data.
CMBS Delinquencies
Retail properties had the largest decline, at $639 million, while office decreased by $518 million.
CMBS Delinquencies
Retail properties had the largest decline, at $932 million, while office decreased by $805 million.