{"id":1004718003,"date":"2024-06-28T08:04:19","date_gmt":"2024-06-28T16:04:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004718003"},"modified":"2024-07-17T06:31:52","modified_gmt":"2024-07-17T14:31:52","slug":"commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/","title":{"rendered":"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004718009\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/0724_cpe_mba_7b70de\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.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=\"0724_CPE_MBA_7b70de\" data-image-description=\"\" 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\/2024\/06\/0724_CPE_MBA_7b70de.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg?w=800\" alt=\"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024\" class=\"wp-image-1004718009\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Source: Mortgage Bankers Association <\/figcaption><\/figure>\n\n\n<p>Commercial mortgage delinquency rates continued to increase during the first three months of 2024. Increases were seen across most capital sources, pointing to the challenges caused by loans that are maturing amid higher interest rates, uncertain property values, and questions about some properties\u2019 fundamentals.<\/p>\n<p>It is important to recognize that different capital sources track delinquencies in different ways \u2013 and with good reason. The rise in delinquency rates for commercial mortgages at banks was driven by banks designating non-multifamily loans \u2013 in particular, office \u2013 as \u2018nonaccrual,\u2019 meaning the loan may still be current on payments, but the lender does not expect to be paid in full. The increases in such loans, and the associated net-charge-offs at large banks, can be seen as evidence of the institutions working to get ahead of potential future defaults.\u00a0<\/p>\n<p>Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of the first quarter of 2024 were as follows:<\/p>\n<ul>\n<li>Banks and thrifts (90 or more days delinquent or in non-accrual): 1.03 percent, an increase of 0.09 percentage points from the fourth quarter of 2023;<\/li>\n<li>Life company portfolios (60 or more days delinquent): 0.52 percent, an increase of 0.16 percentage points from the fourth quarter of 2023;<\/li>\n<li>Fannie Mae (60 or more days delinquent): 0.44 percent, a decrease of 0.02 percentage points from the fourth quarter of 2023;<\/li>\n<li>Freddie Mac (60 or more days delinquent): 0.34 percent, an increase of 0.06 percentage points from the fourth quarter of 2023; and<\/li>\n<li>CMBS (30 or more days delinquent or in REO): 4.35 percent, an increase of 0.05 percentage points from the fourth quarter of 2023.<\/li>\n<\/ul>\n<p>To download current report, go to <a href=\":%20https:\/www.mba.org\/news-and-research\/research-and-economics\/commercial-multifamily-research\/commercial-multifamily-mortgage-delinquency-rates.\">this link<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Commercial mortgage delinquencies increased in Q1, according to MBA. Read the report.<\/p>\n","protected":false},"author":1097,"featured_media":1004718009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,23891,21742,51132,37749],"tags":[47726],"class_list":["post-1004718003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-national","category-latest","category-newsletter-graph","category-research-center-cpe","tag-mortgage-bankers-assocation"],"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 Increased in the First Quarter of 2024 - 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-the-first-quarter-of-2024\/\" \/>\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 Increased in the First Quarter of 2024\" \/>\n<meta property=\"og:description\" content=\"Commercial mortgage delinquencies increased in Q1, according to MBA. Read the report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/\" \/>\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=\"2024-06-28T16:04:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-17T14:31:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.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-the-first-quarter-of-2024\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/\",\"name\":\"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg\",\"datePublished\":\"2024-06-28T16:04:19+00:00\",\"dateModified\":\"2024-07-17T14:31:52+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-the-first-quarter-of-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg\",\"width\":800,\"height\":600,\"caption\":\"Source: Mortgage Bankers Association\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024\"}]},{\"@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 Increased in the First Quarter of 2024 - 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-the-first-quarter-of-2024\/","og_locale":"en_US","og_type":"article","og_title":"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024","og_description":"Commercial mortgage delinquencies increased in Q1, according to MBA. Read the report.","og_url":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-06-28T16:04:19+00:00","article_modified_time":"2024-07-17T14:31:52+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.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-the-first-quarter-of-2024\/","url":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/","name":"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg","datePublished":"2024-06-28T16:04:19+00:00","dateModified":"2024-07-17T14:31:52+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-the-first-quarter-of-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/0724_CPE_MBA_7b70de.jpg","width":800,"height":600,"caption":"Source: Mortgage Bankers Association"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-first-quarter-of-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Mortgage Delinquency Rates Increased in the First Quarter of 2024"}]},{"@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\/2024\/06\/0724_CPE_MBA_7b70de.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004718003","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=1004718003"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004718003\/revisions"}],"predecessor-version":[{"id":1004721716,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004718003\/revisions\/1004721716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004718009"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004718003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004718003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004718003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}