{"id":1004738079,"date":"2024-11-27T01:00:00","date_gmt":"2024-11-27T09:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004738079"},"modified":"2024-12-04T10:37:49","modified_gmt":"2024-12-04T18:37:49","slug":"commercial-mortgage-delinquency-rates-increased-in-the-third-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-third-quarter-of-2024\/","title":{"rendered":"Commercial Mortgage Delinquency Rates Increased in Q3"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004738083\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-third-quarter-of-2024\/1224_cpe_mba\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_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=\"1224_CPE_MBA\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg\" alt=\"Commercial mortgage delinquency rates in Q3 2024\" class=\"wp-image-1004738083\" style=\"width:550px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_CPE_MBA.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: MBA<\/figcaption><\/figure><\/div>\n\n\n<p>Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024. This is according to the Mortgage Bankers Association&#8217;s latest commercial real estate finance Loan Performance Survey, <a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2024\/10\/22\/commercial-and-multifamily-mortgage-delinquency-rates-increased-in-the-third-quarter-of-2024\">released in October<\/a>.<\/p>\n\n\n\n<p>Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties. The commercial mortgage market is large and diverse, covering a range of property types, sizes and ages, geographic markets and submarkets, borrower types, vintages and more. Each of those differences is affecting loan performance, some to the good and some to the bad.<\/p>\n\n\n\n<p>The balance of commercial mortgages that are not current increased slightly in the third quarter of 2024.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>96.8 percent of outstanding loan balances were current or less than 30 days late at the end of the quarter, down from 97.0 percent the previous quarter.<\/li>\n\n\n\n<li>2.7 percent were 90+ days delinquent or in REO, up from 2.5 percent the previous quarter.<\/li>\n\n\n\n<li>0.3 percent were 60-90 days delinquent, up from 0.2 percent the previous quarter.<\/li>\n\n\n\n<li>0.3 percent were 30-60 days delinquent, down from 0.4 percent the previous quarter.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#c3c3c3;color:#c3c3c3\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/capital-ideas-what-to-watch-for-in-the-trump-presidency\/\">Capital Ideas: What to Watch for in the Trump Presidency<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#c3c3c3;color:#c3c3c3\"\/>\n\n\n\n<p>The share of loans that were delinquent increased for some property types, particularly office, and decreased for industrial, lodging and retail properties.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>7.8 percent of the balance of office property loan balances were 30 days or more days delinquent, up from 7.1 percent at the end of last quarter.<\/li>\n\n\n\n<li>5.6 percent of the balance of lodging loans were delinquent, down from 5.8 percent the previous quarter.<\/li>\n\n\n\n<li>3.8 percent of retail balances were delinquent, down from 4.5 percent.<\/li>\n\n\n\n<li>1.2 percent of multifamily balances were delinquent, up from 1.1 percent.<\/li>\n\n\n\n<li>0.6 percent of the balance of industrial property loans were delinquent, down from 0.8 percent.<\/li>\n<\/ul>\n\n\n\n<p>Among capital sources, CMBS loan delinquency rates saw the highest levels but were flat during the quarter.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>4.8 percent of CMBS loan balances were 30 days or more delinquent, unchanged from the last quarter.<\/li>\n\n\n\n<li>Non-current rates for other capital sources remained more moderate.<\/li>\n\n\n\n<li>0.9 percent of FHA multifamily and health care loan balances were 30 days or more delinquent, unchanged during the quarter.<\/li>\n\n\n\n<li>0.9 percent of life company loan balances were delinquent, down from 1.0 percent.<\/li>\n\n\n\n<li>0.5 percent of GSE loan balances were delinquent, up from 0.4 percent the previous quarter.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Delinquency rates for mortgages backed by office properties continued to increase during the third quarter, according to MBA. Read the  report <\/p>\n","protected":false},"author":1097,"featured_media":1004738083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,51132,37749],"tags":[47726],"class_list":["post-1004738079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","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 Q3 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter.\" \/>\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-third-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 Q3\" \/>\n<meta property=\"og:description\" content=\"Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-third-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=\"2024-11-27T09:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-04T18:37:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/1224_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-the-third-quarter-of-2024\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/commercial-mortgage-delinquency-rates-increased-in-the-third-quarter-of-2024\/\",\"name\":\"Commercial Mortgage Delinquency Rates Increased in Q3 - 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