twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

Commercial Delinquency Doubles, Record CMBS Rate

CMBS highest since tracking began in 1997

June 16, 2010

By Mortgage Daily staff

Late payments on securitized commercial mortgages climbed to the highest level in at least a decade. Commercial mortgages held by most other types of investors have seen defaults double over the past year.

Delinquency of at least 30 days on loans held in commercial mortgage-backed securities was 7.24 percent on March 31, the Mortgage Bankers Association reported today. The rate was 154 basis points higher than in the fourth-quarter 2009.

It was also the highest level "since the series began in 1997," MBA said.

A year earlier, the CMBS rate of delinquency was just 1.86 percent.

Federally insured banks and thrifts saw 90-day commercial mortgage delinquency climb to 4.24 percent from 3.92 percent the prior quarter and 2.28 percent the prior year.

The 60+ day delinquency rate on multifamily loans held or insured by Fannie Mae was 0.79 percent, MBA said. The rate was 0.63 percent three months earlier and 0.34 percent a year earlier.

At Fannie's government-controlled rival Freddie Mac, the 60+ day rate on apartment loans was 0.24 percent, rising 5 BPS from the fourth quarter and 12 BPS from March 31, 2009. Freddie reported last month that delinquency edged up another basis point to 0.25 percent in April.

At life insurers, 60-day delinquency was 0.31 percent, up from 0.19 percent the previous quarter and 0.12 percent the previous year.

A year ago, MBA reported that all categories of delinquency had at least doubled from the first-quarter 2008.

next story

back to current headlines

GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders