{"id":1004694555,"date":"2023-12-18T06:28:30","date_gmt":"2023-12-18T14:28:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004694555"},"modified":"2023-12-20T04:58:15","modified_gmt":"2023-12-20T12:58:15","slug":"commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/","title":{"rendered":"Commercial Mortgage Delinquency Rates Rise"},"content":{"rendered":"<div id=\"attachment_1004694557\" style=\"width: 560px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004694557\" data-attachment-id=\"1004694557\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/0124_cpe_mba\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0124_CPE_MBA\" data-image-description=\"&lt;p&gt;Source: Mortgage Bankers Association&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Source: Mortgage Bankers Association&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg?w=800\" class=\"wp-image-1004694557\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\" alt=\"Source: Mortgage Bankers Association\" width=\"550\" height=\"413\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><p id=\"caption-attachment-1004694557\" class=\"wp-caption-text\">Source: Mortgage Bankers Association<\/p><\/div>\n<p>Commercial mortgage delinquencies increased in the third quarter of 2023, according to the Mortgage Bankers Association\u2019s latest Commercial Delinquency Report, released earlier this month.<\/p>\n<p>Not unexpectedly, delinquency rates on commercial mortgages increased for the third consecutive quarter. Every major capital source saw delinquency rates rise, driven by higher interest rates, changes in some property market fundamentals, and uncertainty about property values. CRE market activity remains muted, further complicating the situation.<\/p>\n<p>CRE markets are large and heterogeneous.\u00a0Data from MBA\u2019s <a href=\"https:\/\/nam11.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fs3141176.t.en25.com%2Fe%2Fer%3Futm_campaign%3DMBA%2520Commercial%2520Delinquencies%2520-%252012.5.23%26utm_medium%3Demail%26utm_source%3DEloqua%26utm_campaign%3DMBA%2520Commercial%2520Delinquencies%2520-%252012.5.23%26utm_medium%3Demail%26utm_source%3DEloqua%26s%3D3141176%26lid%3D29423%26elqTrackId%3DF27C2E74C0D217AA192AE12CA3472AEB%26elqTrack%3Dtrue%26elq%3D4bcc805ef4a345a2b2874f938d32ebab%26elqaid%3D8166%26elqat%3D1&amp;data=05%7C01%7Cftaylor%40mba.org%7Cd3c29718024c4267e1a308dbf5a2ebf1%7C867e5d11bde4499fb45e61572f9f337c%7C1%7C0%7C638373852325726584%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=2san2407wwX6Y67T1AEWmfFYcmDjwDaE3lYQvN8QUUQ%3D&amp;reserved=0\">own survey<\/a> released earlier in the quarter show wide differences in mortgage performance by property type. Deal vintage, term, market, and a host of other factors also play into which loans are facing pressure. These differences are likely to remain important in the year ahead.<\/p>\n<p>Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of the third quarter of 2023 were as follows:<\/p>\n<ul>\n<li>Banks and thrifts (90 or more days delinquent or in non-accrual): 0.85 percent, an increase of 0.18 percentage points from the second quarter of 2023;<\/li>\n<li>Life company portfolios (60 or more days delinquent): 0.32 percent, an increase of 0.18 percentage points from the second quarter of 2023;<\/li>\n<li>Fannie Mae (60 or more days delinquent): 0.54 percent, an increase of 0.17 percentage points from the second quarter of 2023;<\/li>\n<li>Freddie Mac (60 or more days delinquent): 0.24 percent, an increase of 0.03 percentage points from the second quarter of 2023; and<\/li>\n<li>CMBS (30 or more days delinquent or in REO): 4.26 percent, an increase of 0.44 percentage points from the second quarter of 2023.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Every major capital source saw an increase in the third quarter, according to MBA. <\/p>\n","protected":false},"author":1097,"featured_media":1004694557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,51132],"tags":[],"class_list":["post-1004694555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-newsletter-graph"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commercial Mortgage Delinquency Rates Rise - 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\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Mortgage Delinquency Rates Rise\" \/>\n<meta property=\"og:description\" content=\"Every major capital source saw an increase in the third quarter, according to MBA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/\" \/>\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=\"2023-12-18T14:28:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-20T12:58:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jamie Woodwell\" \/>\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\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/\",\"name\":\"Commercial Mortgage Delinquency Rates Rise - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\",\"datePublished\":\"2023-12-18T14:28:30+00:00\",\"dateModified\":\"2023-12-20T12:58:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/795abf0e25b0d2c173dd424630d1836f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg\",\"width\":800,\"height\":600,\"caption\":\"Source: Mortgage Bankers Association\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Mortgage Delinquency Rates Rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/795abf0e25b0d2c173dd424630d1836f\",\"name\":\"Jamie Woodwell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bae34943a7d1d988118acad0d957fc97d359d8e523407256a5d45794b780a425?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bae34943a7d1d988118acad0d957fc97d359d8e523407256a5d45794b780a425?s=96&d=mm&r=g\",\"caption\":\"Jamie Woodwell\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jamiewoodwell\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Commercial Mortgage Delinquency Rates Rise - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/","og_locale":"en_US","og_type":"article","og_title":"Commercial Mortgage Delinquency Rates Rise","og_description":"Every major capital source saw an increase in the third quarter, according to MBA.","og_url":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-12-18T14:28:30+00:00","article_modified_time":"2023-12-20T12:58:15+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg","type":"image\/jpeg"}],"author":"Jamie Woodwell","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/","url":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/","name":"Commercial Mortgage Delinquency Rates Rise - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg","datePublished":"2023-12-18T14:28:30+00:00","dateModified":"2023-12-20T12:58:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/795abf0e25b0d2c173dd424630d1836f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg","width":800,"height":600,"caption":"Source: Mortgage Bankers Association"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-third-quarter-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Mortgage Delinquency Rates Rise"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/795abf0e25b0d2c173dd424630d1836f","name":"Jamie Woodwell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bae34943a7d1d988118acad0d957fc97d359d8e523407256a5d45794b780a425?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bae34943a7d1d988118acad0d957fc97d359d8e523407256a5d45794b780a425?s=96&d=mm&r=g","caption":"Jamie Woodwell"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/jamiewoodwell\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/0124_CPE_MBA.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004694555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1097"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004694555"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004694555\/revisions"}],"predecessor-version":[{"id":1004695107,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004694555\/revisions\/1004695107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004694557"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004694555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004694555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004694555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}