{"id":1004286590,"date":"2018-12-17T07:49:52","date_gmt":"2018-12-17T15:49:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004286590"},"modified":"2022-12-07T19:56:02","modified_gmt":"2022-12-08T03:56:02","slug":"delinquency-rates","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/delinquency-rates\/","title":{"rendered":"Delinquency Rates Still Low"},"content":{"rendered":"

CMBS, 30+ days and REO<\/h2>\n
\"\"<\/a>

Source: Mortgage Bankers Association, Wells Fargo Securities LLC and Intex Solutions Inc.<\/p><\/div>\n

Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2018, according to the Mortgage Bankers Association\u2019s (MBA) latest Commercial\/Multifamily Delinquency Report. The delinquency rate for loans held on bank balance sheets set a new series low, and delinquency rates for loans held by life companies or guaranteed by Fannie Mae and Freddie Mac are all below 10 basis points. Loans held in commercial mortgage-backed securities (CMBS) have a higher \u2018headline\u2019 delinquency rate because of the way the industry reports on those loans, but if one pulls out loans in foreclosure or real estate owned (REO)\u2013which are generally excluded from the calculations for the other groups\u2013the CMBS delinquency rate is just 45 basis points, the same level as December 2005.<\/p>\n

MBA\u2019s quarterly analysis looks at commercial\/multifamily delinquency rates for five of the largest investor-groups: commercial banks and thrifts, CMBS, life insurance companies, Fannie Mae and Freddie Mac. Together, these groups hold more than 80 percent of commercial\/multifamily mortgage debt outstanding. Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of the third quarter (compared to the second quarter) were as follow:<\/p>\n

    \n
  • Banks and thrifts (90 or more days delinquent or in nonaccrual): 0.48 percent, a decrease of 0.02 percentage points from the second quarter of 2018<\/li>\n
  • Life company portfolios (60 or more days delinquent): 0.04 percent, an increase of 0.01 percentage points from the second quarter of 2018<\/li>\n
  • Fannie Mae (60 or more days delinquent): 0.07 percent, a decrease of 0.03 percentage points from the second quarter of 2018<\/li>\n
  • Freddie Mac (60 or more days delinquent): 0.01 percent, unchanged from the second quarter of 2018<\/li>\n
  • CMBS (30 or more days delinquent or in REO): 3.05 percent, a decrease of 0.47 percentage points from the second quarter of 2018<\/li>\n<\/ul>\n

    Jamie Woodwell is the Mortgage Bankers Association\u2019s vice president of commercial real estate research.<\/i><\/p>\n

    Reggie Booker is the Mortgage Bankers Association\u2019s associate director of commercial real estate research.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

    Defaults for commercial and multifamily borrowers remained low in the third quarter of 2018, according to the Mortgage Bankers Association\u2019s (MBA) latest Commercial\/Multifamily Delinquency Report. <\/p>\n","protected":false},"author":1341,"featured_media":1004286587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753],"tags":[34040],"class_list":["post-1004286590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","tag-mortgage-bankers-association"],"acf":[],"yoast_head":"\nDelinquency Rates Still Low - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/delinquency-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delinquency Rates Still Low\" \/>\n<meta property=\"og:description\" content=\"Defaults for commercial and multifamily borrowers remained low in the third quarter of 2018, according to the Mortgage Bankers Association\u2019s (MBA) latest Commercial\/Multifamily Delinquency Report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/delinquency-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-17T15:49:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T03:56:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/119_MBA.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Reggie Booker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/delinquency-rates\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/delinquency-rates\/\",\"name\":\"Delinquency Rates Still Low - 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